Kraken Robotics (CVE:PNG - Get Free Report) had its price target hoisted by analysts at Canaccord Genuity Group from C$2.00 to C$2.50 in a research note issued on Friday,BayStreet.CA reports. Canaccord Genuity Group's price objective indicates a potential upside of 19.62% from the company's previous close.
Kraken Robotics Trading Down 2.3 %
PNG traded down C$0.05 during trading on Friday, reaching C$2.09. 1,139,280 shares of the stock traded hands, compared to its average volume of 693,266. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. The stock's 50-day moving average is C$1.90 and its 200 day moving average is C$1.44. Kraken Robotics has a 12 month low of C$0.51 and a 12 month high of C$2.67. The stock has a market capitalization of C$480.97 million, a PE ratio of 41.80 and a beta of 1.15.
Kraken Robotics (CVE:PNG - Get Free Report) last announced its earnings results on Thursday, August 22nd. The company reported C$0.01 EPS for the quarter. The company had revenue of C$22.76 million for the quarter, compared to analyst estimates of C$24.60 million. Kraken Robotics had a return on equity of 23.24% and a net margin of 10.51%. Equities analysts anticipate that Kraken Robotics will post 0.0749482 earnings per share for the current year.
Insider Activity
In related news, Senior Officer David Shea sold 142,500 shares of the business's stock in a transaction dated 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.
Kraken Robotics Company Profile
(
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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.
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