Kraken Robotics (CVE:PNG) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Kraken Robotics (CVE:PNG - Free Report) to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on the company. 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 raised shares of Kraken Robotics to a "moderate buy" rating in a research report on Thursday, January 23rd. Finally, National Bankshares set a C$3.00 target price on shares of Kraken Robotics and gave the company an "outperform" rating in a research note on Thursday.

Kraken Robotics Trading Down 3.3 %

Shares of Kraken Robotics stock traded down C$0.08 during trading hours on Wednesday, reaching C$2.37. 1,447,679 shares of the company's stock were exchanged, compared to its average volume of 897,078. The firm has a market capitalization of C$644.34 million, a price-to-earnings ratio of 62.71 and a beta of 1.15. The company has a fifty day moving average of C$2.34 and a 200-day moving average of C$2.38. Kraken Robotics has a 52-week low of C$0.92 and a 52-week high of C$3.01. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.

Kraken Robotics Company Profile

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.