Kraken Robotics (CVE:PNG) Reaches New 1-Year High - Should You Buy?

Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$3.60 and last traded at C$3.58, with a volume of 3525049 shares traded. The stock had previously closed at C$3.37.

Analyst Upgrades and Downgrades

PNG has been the subject of a number of research analyst reports. National Bank Financial upgraded Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. National Bankshares set a C$3.00 price objective on Kraken Robotics and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Desjardins upgraded Kraken Robotics to a "moderate buy" rating in a report on Monday, July 7th.

Kraken Robotics Trading Up 3.7%

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 firm has a market capitalization of C$997.78 million, a P/E ratio of 97.10 and a beta of 1.15. The firm has a 50 day moving average of C$2.81 and a 200-day moving average of C$2.59.

Insider Activity

In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business'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. Company insiders own 10.13% of the company's stock.

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.