Kraken Robotics (OTCMKTS:KRKNF) Rating Increased to Strong-Buy at Scotiabank

Scotiabank upgraded shares of Kraken Robotics (OTCMKTS:KRKNF) to a strong-buy rating in a report released on Tuesday,Zacks.com reports.

KRKNF has been the subject of a number of other reports. Zacks Research raised shares of Kraken Robotics to a “hold” rating in a report on Friday, March 13th. ATB Cormark Capital Markets lowered shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Finally, Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Kraken Robotics Stock Down 0.3%

KRKNF opened at $4.29 on Tuesday. The stock’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.69. Kraken Robotics has a 12-month low of $2.36 and a 12-month high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $15.60 million during the quarter, compared to the consensus estimate of $18.30 million.

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).