Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$3.60 and last traded at C$3.58, with a volume of 3525049 shares trading hands. The stock had previously closed at C$3.37.
Analyst Ratings Changes
PNG has been the subject of several analyst reports. National Bankshares set a C$3.00 price target on shares of Kraken Robotics and gave the company an "outperform" rating in a research note on Thursday, April 24th. National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Desjardins upgraded shares of Kraken Robotics to a "moderate buy" rating in a report on Monday, July 7th.
Check Out Our Latest Analysis on PNG
Kraken Robotics Stock Performance
The firm's fifty day moving average price is C$2.83 and its 200 day moving average price is C$2.60. The company has a current ratio of 2.78, a quick ratio of 0.64 and a debt-to-equity ratio of 34.32. The stock has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 97.63 and a beta of 1.15.
Insider Activity 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 that occurred 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. Corporate insiders own 10.13% of the company's stock.
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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