Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid Sells 261,600 Shares of Stock

Kraken Robotics Inc. (CVE:PNG) Senior Officer Gregory Michael Reid sold 261,600 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$2.88, for a total value of C$753,408.00.

Kraken Robotics Trading Up 1.4%

Shares of CVE:PNG opened at C$2.93 on Friday. The company has a market cap of C$796.59 million, a P/E ratio of 77.52 and a beta of 1.15. The stock’s 50-day moving average is C$2.44 and its 200-day moving average is C$2.50. Kraken Robotics Inc. has a 52-week low of C$0.92 and a 52-week high of C$3.07. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. National Bank Financial upgraded Kraken Robotics to a “strong-buy” rating in a report on Wednesday, April 23rd. Desjardins raised their target price on Kraken Robotics from C$3.60 to C$4.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, National Bankshares set a C$3.00 target price on Kraken Robotics and gave the company an “outperform” rating in a report on Thursday, April 24th.

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.