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Kraken Robotics (CVE:PNG) Shares Pass Above 200 Day Moving Average - Here's What Happened

Kraken Robotics logo with Computer and Technology background

Kraken Robotics Inc. (CVE:PNG - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.28 and traded as high as C$2.70. Kraken Robotics shares last traded at C$2.51, with a volume of 501,724 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PNG shares. Raymond James raised shares of Kraken Robotics to a "moderate buy" rating in a report on Thursday, January 23rd. Desjardins set a C$3.60 price target on Kraken Robotics and gave the stock a "buy" rating in a research note on Wednesday, February 12th.

View Our Latest Report on Kraken Robotics

Kraken Robotics Trading Down 2.8 %

The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32. The firm's 50 day moving average is C$2.50 and its two-hundred day moving average is C$2.31. The stock has a market cap of C$660.65 million, a price-to-earnings ratio of 64.30 and a beta of 1.15.

Insider Activity

In other news, Senior Officer David Shea purchased 11,954 shares of the stock in a transaction dated Friday, January 10th. The stock was acquired 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 acquired 16,260 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The stock was purchased at an average price of C$2.46 per share, for a total transaction of C$39,999.60. Corporate insiders own 10.13% of the company's stock.

Kraken Robotics Company Profile

(Get Free Report)

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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