Kraken Robotics (OTCMKTS:KRKNF) Trading Down 6.9% – Time to Sell?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) fell 6.9% during trading on Thursday . The stock traded as low as $5.50 and last traded at $5.54. 515,077 shares traded hands during trading, a decline of 64% from the average session volume of 1,436,259 shares. The stock had previously closed at $5.95.

Analyst Ratings Changes

Several brokerages have recently commented on KRKNF. Scotiabank restated an “outperform” rating on shares of Kraken Robotics in a research report on Wednesday, February 18th. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research report on Thursday, March 12th. Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Kraken Robotics Stock Down 3.9%

The business’s fifty day simple moving average is $5.91 and its 200-day simple moving average is $5.49.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings results on Thursday, May 28th. The company reported $999.00 earnings per share (EPS) for the quarter.

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).