Kraken Robotics (OTCMKTS:KRKNF) Shares Gap Down – Time to Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF) gapped down before the market opened on Tuesday. The stock had previously closed at $2.85, but opened at $2.73. Kraken Robotics shares last traded at $2.8720, with a volume of 59,031 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. ATB Cormark Capital Markets upgraded shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Royal Bank Of Canada assumed coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Kraken Robotics presently has an average rating of “Moderate Buy”.

Kraken Robotics Trading Up 1.1%

The company has a quick ratio of 1.22, a current ratio of 1.33 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $3.57 and a 200-day moving average price of $4.61.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $19.23 million during the quarter, compared to analyst estimates of $18.52 million. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. On average, equities research analysts expect that Kraken Robotics Inc. will post 0.05 earnings per share for the current fiscal year.

Kraken Robotics Company Profile

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater systems and subsea power solutions. Founded in 2012, the company focuses on technologies that enable high-resolution imaging, data collection and autonomous operations in challenging underwater environments.

Its product portfolio includes synthetic aperture sonar systems, such as the AquaPix family, which are designed to produce detailed seabed imagery; underwater laser imaging and 3D measurement systems; autonomous underwater vehicles; and pressure-tolerant batteries and energy-storage systems for subsea applications.