Kraken Robotics (OTCMKTS:KRKNF) Raised to “Hold” at ATB Cormark Capital Markets

Kraken Robotics (OTCMKTS:KRKNF) was upgraded by ATB Cormark Capital Markets from a “strong sell” rating to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Kraken Robotics currently has an average rating of “Moderate Buy”.

Kraken Robotics Trading Down 1.8%

OTCMKTS KRKNF opened at $3.85 on Friday. The stock has a market capitalization of $1.43 billion and a P/E ratio of -385.00. The business has a 50 day simple moving average of $4.40 and a 200 day simple moving average of $5.40. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27. Kraken Robotics has a one year low of $2.39 and a one year high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. The firm had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.52 million. Research analysts expect 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).