Kraken Robotics (OTCMKTS:KRKNF) Reaches New 1-Year Low – What’s Next?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s stock price reached a new 52-week low on Monday. The company traded as low as $2.65 and last traded at $2.65, with a volume of 262,646 shares changing hands. The stock had previously closed at $2.7211.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KRKNF shares. Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a research note 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 note on Friday, August 28th. Finally, Royal Bank Of Canada assumed coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They set a “moderate buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Kraken Robotics Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.22. The company has a 50-day simple moving average of $3.24 and a 200-day simple moving average of $4.93.

Kraken Robotics (OTCMKTS:KRKNF) last issued its earnings results 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 for the quarter, compared to analyst estimates of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. As a group, sell-side analysts anticipate that Kraken Robotics Inc. will post 0.05 EPS for the current year.

About Kraken Robotics

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea power systems. Its products are designed to support underwater imaging, mapping, inspection and data collection for defense, commercial and scientific applications.

The company’s portfolio includes AquaPix synthetic aperture sonar systems, autonomous underwater vehicles such as ThunderFish, and SeaPower subsea battery technologies. These products are intended to help customers identify and analyze objects and terrain beneath the water, inspect marine infrastructure and conduct long-duration subsea missions.

Founded in 2012, Kraken Robotics is headquartered in St.