Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.47 and traded as low as C$2.27. Kraken Robotics shares last traded at C$2.32, with a volume of 593,879 shares.
Wall Street Analysts Forecast Growth
PNG has been the topic of several analyst reports. Raymond James raised shares of Kraken Robotics to a "moderate buy" rating in a research note on Thursday, January 23rd. Desjardins set a C$3.60 price target on Kraken Robotics and gave the company a "buy" rating in a research note on Wednesday, February 12th.
Read Our Latest Stock Report on Kraken Robotics
Kraken Robotics Stock Performance
The stock has a fifty day simple moving average of C$2.45 and a two-hundred day simple moving average of C$2.33. 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 stock has a market capitalization of C$595.40 million, a price-to-earnings ratio of 57.95 and a beta of 1.15.
Insider Activity at Kraken Robotics
In other news, Senior Officer David Shea bought 11,954 shares of Kraken Robotics stock in a transaction dated 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 bought 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. 10.13% of the stock is owned by corporate 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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