Kraken Robotics (CVE:PNG) Reaches New 52-Week High - Here's Why

Shares of Kraken Robotics Inc. (CVE:PNG - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$1.80 and last traded at C$1.81, with a volume of 1201831 shares. The stock had previously closed at C$1.68.

Kraken Robotics Trading Up 8.3 %

The stock has a market capitalization of C$418.84 million, a P/E ratio of 36.40 and a beta of 1.15. The stock's fifty day moving average price is C$1.63 and its two-hundred day moving average price is C$1.27. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39.

Kraken Robotics (CVE:PNG - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported C$0.01 earnings per share for the quarter. Kraken Robotics had a net margin of 10.51% and a return on equity of 23.24%. The business had revenue of C$22.76 million during the quarter, compared to the consensus estimate of C$24.60 million. Equities research analysts forecast that Kraken Robotics Inc. will post 0.0749482 EPS for the current year.

Insider Activity at Kraken Robotics

In other Kraken Robotics news, Senior Officer David Shea sold 142,500 shares of Kraken Robotics stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$1.57, for a total value of C$223,782.00. 10.13% of the stock is currently owned by company insiders.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.