Kraken Robotics Inc. (OTCMKTS:KRKNF) Receives Average Recommendation of “Hold” from Analysts

Shares of Kraken Robotics Inc. (OTCMKTS:KRKNF) have earned a consensus rating of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company.

Several equities research analysts have recently weighed in on KRKNF shares. Desjardins raised Kraken Robotics to a “moderate buy” rating in a research report on Thursday, March 12th. Scotiabank reissued an “outperform” rating on shares of Kraken Robotics in a research report on Wednesday, February 18th. Zacks Research raised Kraken Robotics to a “hold” rating in a research report on Friday, March 13th. Finally, ATB Cormark Capital Markets cut Kraken Robotics from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th.

Kraken Robotics Trading Down 8.3%

Shares of KRKNF stock opened at $5.42 on Friday. Kraken Robotics has a 12 month low of $1.83 and a 12 month high of $8.13. The business’s 50 day moving average is $5.76 and its two-hundred day moving average is $5.57.

Kraken Robotics (OTCMKTS:KRKNF) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) EPS for the quarter. The business had revenue of $15.60 million during the quarter, compared to the consensus estimate of $18.30 million.

About Kraken Robotics

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).