Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company.

Several research firms have recently issued reports on KRKNF. National Bank Financial lowered Kraken Robotics from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 14th. ATB Cormark Capital Markets lowered shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a report on Wednesday, February 18th. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a report on Friday.

Kraken Robotics Trading Up 1.9%

Shares of OTCMKTS:KRKNF opened at $7.01 on Tuesday. Kraken Robotics has a 12-month low of $1.40 and a 12-month high of $8.13. The stock has a fifty day simple moving average of $6.09 and a two-hundred day simple moving average of $4.71.

Kraken Robotics Company Profile

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).