Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company.

A number of research analysts recently commented on the stock. Desjardins upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. ATB Cormark Capital Markets lowered shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Scotiabank reiterated an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a research note on Friday, March 13th.

Kraken Robotics Trading Up 5.1%

OTCMKTS KRKNF opened at $5.91 on Friday. Kraken Robotics has a 12 month low of $1.80 and a 12 month high of $8.13. The company’s 50 day simple moving average is $5.78 and its 200 day simple moving average is $5.57.

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

Kraken Robotics Company Profile

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).