Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Average Recommendation of “Moderate Buy” by Analysts

Kraken Robotics Inc. (OTCMKTS:KRKNF) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

KRKNF has been the subject of several recent analyst reports. Royal Bank Of Canada began coverage on Kraken Robotics in a report on Tuesday. They issued an “outperform” rating for the company. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th.

Kraken Robotics Stock Performance

Shares of OTCMKTS KRKNF opened at $3.36 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.10. The stock’s fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $5.22. Kraken Robotics has a 12-month low of $2.96 and a 12-month high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $19.23 million during the quarter, compared to analyst estimates 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 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.