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

Kraken Robotics Inc. (OTCMKTS:KRKNF) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have recently commented on KRKNF shares. Royal Bank Of Canada started coverage on shares of Kraken Robotics in a research note on Tuesday, September 15th. They set a “moderate buy” rating for the company. 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, Scotiabank raised Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th.

Kraken Robotics Stock Performance

OTCMKTS KRKNF opened at $3.28 on Tuesday. Kraken Robotics has a 52 week low of $3.05 and a 52 week high of $8.13. The company has a 50 day moving average price of $4.05 and a 200 day moving average price of $5.11. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.10.

Kraken Robotics (OTCMKTS:KRKNF) last announced its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. Equities research analysts predict that Kraken Robotics will post 0.05 earnings per share for the current fiscal year.

About Kraken Robotics

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea equipment. Its technologies are designed for underwater imaging, mapping, surveillance and data collection in challenging marine environments.

The company’s product portfolio includes synthetic aperture sonar systems, three-dimensional acoustic imaging technology, autonomous underwater vehicles and underwater battery systems. Kraken’s solutions are used in applications such as seabed mapping, mine countermeasures, offshore energy, defense, marine research and infrastructure inspection.

Founded in 2012 and headquartered in St.