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

Shares of Kraken Robotics Inc. (CVE:PNG) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$8.75.

A number of research firms have recently commented on PNG. Desjardins raised their target price on Kraken Robotics from C$9.50 to C$14.00 and gave the company a “buy” rating in a research report on Friday, March 13th. National Bank Financial upgraded Kraken Robotics from a “hold” rating to an “outperform” rating and raised their target price for the company from C$8.75 to C$13.00 in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets cut Kraken Robotics from a “hold” rating to a “strong sell” rating and raised their target price for the company from C$5.50 to C$6.50 in a research report on Friday, March 13th.

Kraken Robotics Price Performance

CVE:PNG opened at C$7.88 on Thursday. Kraken Robotics has a 52 week low of C$2.30 and a 52 week high of C$10.72. The company has a quick ratio of 0.64, a current ratio of 5.53 and a debt-to-equity ratio of 15.94. The stock has a market capitalization of C$2.42 billion, a PE ratio of 788.00 and a beta of 0.78. The stock’s 50-day moving average price is C$8.32 and its 200-day moving average price is C$7.47.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.