Kraken Robotics (OTCMKTS:KRKNF) Shares Gap Down – Should You Sell?

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) gapped down prior to trading on Tuesday. The stock had previously closed at $2.85, but opened at $2.73. Kraken Robotics shares last traded at $2.8720, with a volume of 59,031 shares traded.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KRKNF shares. Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada started coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They issued a “moderate buy” rating on the stock. Finally, ATB Cormark Capital Markets upgraded shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Kraken Robotics currently has a consensus rating of “Moderate Buy”.

Kraken Robotics Trading Up 4.8%

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.33 and a quick ratio of 1.22. The business has a 50-day moving average of $3.51 and a 200 day moving average of $4.57.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $19.23 million during the quarter, compared to analyst estimates of $18.52 million. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. On average, equities research analysts anticipate that Kraken Robotics Inc. will post 0.05 EPS 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 power systems. Its products are designed to support underwater imaging, mapping, inspection and data collection for defense, commercial and scientific applications.

The company’s portfolio includes AquaPix synthetic aperture sonar systems, autonomous underwater vehicles such as ThunderFish, and SeaPower subsea battery technologies. These products are intended to help customers identify and analyze objects and terrain beneath the water, inspect marine infrastructure and conduct long-duration subsea missions.

Founded in 2012, Kraken Robotics is headquartered in St.