Kraken Robotics (CVE:PNG) Rating Increased to Moderate Buy at Raymond James

Kraken Robotics (CVE:PNG - Get Free Report) was upgraded by stock analysts at Raymond James to a "moderate buy" rating in a research note issued on Thursday,Zacks.com reports.

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.

Kraken Robotics Stock Up 0.5 %

Shares of CVE PNG traded up C$0.02 during mid-day trading on Thursday, hitting C$2.87. The company had a trading volume of 2,687,274 shares, compared to its average volume of 1,301,982. The business's 50-day simple moving average is C$2.57 and its 200 day simple moving average is C$1.93. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64. The company has a market capitalization of C$660.47 million, a PE ratio of 57.40 and a beta of 1.15. Kraken Robotics has a 1-year low of C$0.72 and a 1-year high of C$3.01.

Insider Activity

In other news, Senior Officer David Shea bought 11,954 shares of the stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the company's stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average price of C$2.46 per share, with a total value of C$39,999.60. Insiders own 10.13% of the company's stock.

About Kraken Robotics

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.