Kraken Robotics Inc. (OTCMKTS:KRKNF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Kraken Robotics Inc. (OTCMKTS:KRKNF) has been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three equities 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.

Several research firms recently issued reports on KRKNF. ATB Cormark Capital Markets upgraded Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Scotiabank raised Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada began coverage on Kraken Robotics in a report on Tuesday, September 15th. They set a “moderate buy” rating for the company.

Kraken Robotics Trading Up 1.4%

Shares of OTCMKTS KRKNF opened at $2.69 on Wednesday. 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’s 50 day moving average is $3.24 and its two-hundred day moving average is $4.93. Kraken Robotics has a 52-week low of $2.56 and a 52-week high of $8.13.

Kraken Robotics (OTCMKTS:KRKNF) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. The business had revenue of $19.23 million during the quarter, compared to analyst estimates of $18.52 million. As a group, equities research analysts predict that Kraken Robotics will post 0.05 EPS for the current fiscal 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.