Kraken Robotics (OTCMKTS:KRKNF) Shares Gap Up – Should You Buy?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.29, but opened at $3.40. Kraken Robotics shares last traded at $3.2240, with a volume of 90,243 shares trading hands.

Analysts Set New Price Targets

Several research analysts recently issued reports on KRKNF shares. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Royal Bank Of Canada began coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They set a “moderate buy” rating on the stock. Finally, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Kraken Robotics Stock Down 1.5%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27. The business has a 50-day moving average of $3.99 and a 200 day moving average of $5.06.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. Equities analysts expect that Kraken Robotics Inc. will post 0.05 EPS for the current year.

Kraken Robotics Company Profile

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea equipment. Its technologies are designed for underwater imaging, mapping, surveillance and data collection in challenging marine environments.

The company’s product portfolio includes synthetic aperture sonar systems, three-dimensional acoustic imaging technology, autonomous underwater vehicles and underwater battery systems. Kraken’s solutions are used in applications such as seabed mapping, mine countermeasures, offshore energy, defense, marine research and infrastructure inspection.

Founded in 2012 and headquartered in St.