Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as C$5.29 and last traded at C$5.22, with a volume of 236620 shares traded. The stock had previously closed at C$4.92.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on PNG. Desjardins increased their price target on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Canaccord Genuity Group cut shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and increased their target price for the company from C$3.50 to C$4.00 in a report on Thursday, July 24th. Raymond James Financial boosted their price target on Kraken Robotics from C$3.50 to C$4.00 and gave the stock an "outperform" rating in a research note on Friday, August 22nd. National Bankshares upped their price target on Kraken Robotics from C$4.00 to C$5.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Finally, Scotiabank raised Kraken Robotics to a "strong-buy" rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$4.10.
Get Our Latest Stock Report on Kraken Robotics
Kraken Robotics Stock Up 6.9%
The stock has a market cap of C$1.61 billion, a price-to-earnings ratio of 75.14 and a beta of 1.23. 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 firm's 50 day moving average is C$3.85 and its two-hundred day moving average is C$3.09.
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.
Further Reading
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