Kraken Robotics Inc. (CVE:PNG - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.
Wall Street Analyst Weigh In
PNG has been the topic of a number of recent research reports. Desjardins set a C$3.60 target price on Kraken Robotics and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Raymond James upgraded Kraken Robotics to a "moderate buy" rating in a research report on Thursday, January 23rd.
View Our Latest Stock Analysis on PNG
Kraken Robotics Stock Performance
The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The firm has a market capitalization of C$696.00 million, a PE ratio of 67.74 and a beta of 1.15. The firm's 50 day moving average price is C$2.52 and its 200-day moving average price is C$2.27.
Insider Buying and Selling
In related news, Senior Officer David Shea acquired 11,954 shares of Kraken Robotics stock in a transaction on Friday, January 10th. The stock was bought at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. Also, Senior Officer Gregory Michael Reid acquired 16,260 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were bought at an average cost of C$2.46 per share, for a total transaction of C$39,999.60. 10.13% of the stock is currently owned by insiders.
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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