Kraken Robotics (CVE:PNG) Reaches New 12-Month High - Should You Buy?

Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$3.24 and last traded at C$3.20, with a volume of 860064 shares changing hands. The stock had previously closed at C$3.03.

Analyst Upgrades and Downgrades

Several research firms have commented on PNG. National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a research note on Wednesday, April 23rd. National Bankshares set a C$3.00 price target on shares of Kraken Robotics and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Desjardins raised shares of Kraken Robotics to a "moderate buy" rating in a research report on Monday.

Kraken Robotics Stock Performance

The firm has a market cap of C$965.15 million, a PE ratio of 93.93 and a beta of 1.15. The business has a 50 day simple moving average of C$2.67 and a two-hundred day simple moving average of C$2.55. The company has a quick ratio of 0.64, a current ratio of 2.78 and a debt-to-equity ratio of 34.32.

Insider Transactions at Kraken Robotics

In other news, Senior Officer Gregory Michael Reid sold 261,600 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$2.88, for a total transaction of C$753,408.00. 10.13% of the stock is currently owned by company insiders.

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.