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

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Separately, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th.

Kraken Robotics Price Performance

Shares of OTCMKTS:KRKNF opened at $4.39 on Monday. The stock has a market capitalization of $1.63 billion and a P/E ratio of -439.00. The stock’s 50-day moving average price is $4.72 and its 200-day moving average price is $5.56. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.10. Kraken Robotics has a 12-month low of $2.39 and a 12-month high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last released its earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%. The company had revenue of $15.60 million during the quarter, compared to the consensus estimate of $18.30 million. On average, equities analysts anticipate that Kraken Robotics will post 0.05 earnings per share for the current year.

About Kraken Robotics

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).