Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have issued reports on KRKNF. Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada initiated coverage on Kraken Robotics in a research report on Tuesday. They set an “outperform” rating on the stock. Finally, ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th.

Kraken Robotics Price Performance

Shares of OTCMKTS:KRKNF opened at $3.36 on Tuesday. The firm has a fifty day simple moving average of $4.17 and a two-hundred day simple moving average of $5.22. Kraken Robotics has a 52 week low of $2.96 and a 52 week high of $8.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27.

Kraken Robotics (OTCMKTS:KRKNF) last announced its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $19.23 million for the quarter, compared to analysts’ expectations of $18.52 million. Kraken Robotics had a negative net margin of 6.91% and a positive return on equity of 0.31%. As a group, sell-side analysts predict that Kraken Robotics will post 0.05 earnings per share for the current year.

About Kraken Robotics

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea equipment. Its technologies are designed for underwater imaging, mapping, surveillance and data collection in challenging marine environments.

The company’s product portfolio includes synthetic aperture sonar systems, three-dimensional acoustic imaging technology, autonomous underwater vehicles and underwater battery systems. Kraken’s solutions are used in applications such as seabed mapping, mine countermeasures, offshore energy, defense, marine research and infrastructure inspection.

Founded in 2012 and headquartered in St.