Kraken Robotics (OTCMKTS:KRKNF) Raised to “Strong-Buy” at Scotiabank

Kraken Robotics (OTCMKTS:KRKNF) was upgraded by equities researchers at Scotiabank to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th. Finally, Zacks Research upgraded shares of Kraken Robotics to a “hold” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Kraken Robotics Trading Down 0.3%

Kraken Robotics stock opened at $4.29 on Tuesday. The stock has a 50-day moving average of $5.20 and a two-hundred day moving average of $5.69. Kraken Robotics has a one year low of $2.36 and a one year high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last issued its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $15.60 million during 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).