Kraken Robotics (OTCMKTS:KRKNF) Stock Price Down 5.7% – Time to Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF)’s stock price traded down 5.7% during trading on Friday . The company traded as low as $3.31 and last traded at $3.32. 368,170 shares changed hands during trading, a decline of 71% from the average session volume of 1,253,244 shares. The stock had previously closed at $3.52.

Analysts Set New Price Targets

KRKNF has been the subject of a number of recent research reports. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kraken Robotics Trading Down 4.5%

The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $4.22 and a 200-day moving average price of $5.26.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%.The business had revenue of $19.23 million during the quarter, compared to the consensus estimate of $18.52 million. Equities analysts forecast that Kraken Robotics Inc. will post 0.05 earnings per share for the current year.

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).