Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.53 and traded as low as C$2.37. Kraken Robotics shares last traded at C$2.42, with a volume of 602,664 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms recently commented on PNG. Desjardins set a C$3.60 price objective on Kraken Robotics and gave the company a "buy" rating in a research note on Wednesday, February 12th. Raymond James upgraded Kraken Robotics to a "moderate buy" rating in a research note on Thursday, January 23rd. Finally, Canaccord Genuity Group upped their price objective on Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd.
Check Out Our Latest Stock Report on Kraken Robotics
Kraken Robotics Trading Up 2.4 %
The firm has a market cap of C$709.59 million, a PE ratio of 69.06 and a beta of 1.15. The firm has a 50 day moving average of C$2.53 and a 200 day moving average of C$2.25. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32.
Insiders Place Their Bets
In related news, Senior Officer David Shea bought 11,954 shares of the company's stock in a transaction on Friday, January 10th. The shares were purchased at an average price of C$2.64 per share, for a total transaction of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were bought at an average price of C$2.46 per share, for a total transaction of C$39,999.60. Company insiders own 10.13% of the company's stock.
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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