Kraken Robotics (CVE:PNG) Given a C$1.60 Price Target by Echelon Wealth Partners Analysts

Kraken Robotics (CVE:PNG) has been given a C$1.60 target price by investment analysts at Echelon Wealth Partners in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Echelon Wealth Partners’ price target would suggest a potential upside of 46.79% from the company’s current price.

Separately, Cormark increased their price target on Kraken Robotics from C$1.00 to C$1.25 in a research note on Wednesday, November 29th.

Kraken Robotics Stock Up 3.8 %

Shares of PNG traded up C$0.04 during midday trading on Thursday, hitting C$1.09. 654,858 shares of the company’s stock traded hands, compared to its average volume of 583,284. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 42.36. The stock has a market capitalization of C$224.66 million, a price-to-earnings ratio of -63.00 and a beta of 1.12. Kraken Robotics has a 1 year low of C$0.35 and a 1 year high of C$1.11. The firm’s fifty day moving average is C$0.92 and its 200-day moving average is C$0.68.

Kraken Robotics Company Profile

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications. It operates in two segments, Sensors and Platforms, and Power.