Kraken Robotics (OTCMKTS:KRKNF) Shares Down 6.3% – What’s Next?

Kraken Robotics Inc. (OTCMKTS:KRKNF) shares dropped 6.3% during trading on Thursday . The stock traded as low as $3.91 and last traded at $3.9250. 1,760,143 shares were traded during trading, an increase of 38% from the average session volume of 1,277,176 shares. The stock had previously closed at $4.19.

Analysts Set New Price Targets

Separately, Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kraken Robotics presently has an average rating of “Hold”.

Kraken Robotics Stock Performance

The stock has a market cap of $1.46 billion and a P/E ratio of -392.50. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $5.42.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings data on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%. Equities analysts expect that Kraken Robotics Inc. will post 0.05 earnings per share for the current fiscal year.

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).