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

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on KRKNF shares. Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kraken Robotics Price Performance

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

Kraken Robotics (OTCMKTS:KRKNF) last announced its earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $19.23 million for 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%. As a group, sell-side analysts predict that Kraken Robotics Inc. will post 0.05 earnings per share for the current fiscal year.

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).