Shares of Kraken Robotics Inc. (CVE:PNG - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.24 and last traded at C$3.20, with a volume of 860064 shares. The stock had previously closed at C$3.03.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on PNG shares. Desjardins raised their price target on shares of Kraken Robotics from C$3.60 to C$4.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. National Bankshares set a C$3.00 price target on shares of Kraken Robotics and gave the company an "outperform" rating in a report on Thursday, April 24th. Finally, National Bank Financial upgraded shares of Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd.
Get Our Latest Research Report on PNG
Kraken Robotics Stock Up 3.6%
The firm has a market cap of C$853.68 million, a P/E ratio of 83.08 and a beta of 1.15. The business's fifty day moving average price is C$2.64 and its two-hundred day moving average price is C$2.54. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32.
Insider Transactions at Kraken Robotics
In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total value of C$753,408.00. 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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