Kraken Robotics (OTCMKTS:KRKNF) Shares Down 1.6% – Time to Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s share price fell 1.6% on Thursday . The stock traded as low as $3.6601 and last traded at $3.69. Approximately 1,998,041 shares traded hands during mid-day trading, an increase of 173% from the average session volume of 731,560 shares. The stock had previously closed at $3.75.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KRKNF shares. Scotiabank started coverage on Kraken Robotics in a research note on Thursday, August 14th. They set an “outperform” rating on the stock. National Bankshares reiterated an “outperform” rating on shares of Kraken Robotics in a report on Thursday, September 11th. Finally, Raymond James Financial restated an “outperform” rating on shares of Kraken Robotics in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Kraken Robotics presently has a consensus rating of “Buy” and a consensus price target of $3.50.

Kraken Robotics Trading Up 3.3%

The company has a 50 day moving average of $3.96 and a 200 day moving average of $2.86.

About Kraken Robotics

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 in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.