Kraken Robotics Inc. (CVE:PNG - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2.85 and last traded at C$2.78, with a volume of 301947 shares trading hands. The stock had previously closed at C$2.74.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group upped their price target on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd.
View Our Latest Analysis on PNG
Kraken Robotics Price Performance
The firm has a market capitalization of C$632.86 million, a price-to-earnings ratio of 55.00 and a beta of 1.15. The company has a fifty day moving average price of C$2.50 and a two-hundred day moving average price of C$1.85. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39.
Insider Activity
In related news, Senior Officer Gregory Michael Reid purchased 16,260 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average cost of C$2.46 per share, with a total value of C$39,999.60. Also, Senior Officer David Shea purchased 11,954 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$31,558.56. Corporate insiders own 10.13% of the company's stock.
About Kraken Robotics
(
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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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