Kraken Robotics (OTCMKTS:KRKNF) Releases Quarterly Earnings Results, Meets Estimates

Kraken Robotics (OTCMKTS:KRKNF) posted its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%.

Kraken Robotics Stock Down 0.9%

KRKNF stock opened at $4.19 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27. The stock has a market capitalization of $1.56 billion and a price-to-earnings ratio of -419.00. The business’s fifty day moving average price is $4.47 and its two-hundred day moving average price is $5.42. Kraken Robotics has a fifty-two week low of $2.39 and a fifty-two week high of $8.13.

Analyst Ratings Changes

Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Kraken Robotics presently has an average rating of “Hold”.

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).