Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Kraken Robotics Inc. (OTCMKTS:KRKNF) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms have weighed in on KRKNF. ATB Cormark Capital Markets lowered shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research note on Tuesday. Finally, Desjardins upgraded Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th.

Kraken Robotics Stock Performance

Shares of KRKNF opened at $4.29 on Thursday. Kraken Robotics has a 1 year low of $2.36 and a 1 year high of $8.13. The stock’s 50-day moving average price is $5.20 and its two-hundred day moving average price is $5.69.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $15.60 million for the quarter, compared to analyst estimates of $18.30 million.

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).