Kraken Robotics (CVE:PNG) Hits New 52-Week High - Here's What Happened

Shares of Kraken Robotics Inc. (CVE:PNG - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$3.07 and last traded at C$3.06, with a volume of 707644 shares traded. The stock had previously closed at C$2.92.

Wall Street Analyst Weigh In

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

Kraken Robotics Stock Up 1.4%

The stock has a fifty day moving average of C$2.42 and a two-hundred day moving average of C$2.49. 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 stock has a market cap of C$796.59 million, a price-to-earnings ratio of 77.52 and a beta of 1.15.

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.