Kraken Robotics (CVE:PNG) Reaches New 52-Week High - Still a Buy?

Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$3.89 and last traded at C$3.82, with a volume of 1788847 shares traded. The stock had previously closed at C$3.69.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PNG shares. Canaccord Genuity Group lowered shares of Kraken Robotics from a "buy" rating to a "hold" rating and increased their price objective for the stock from C$3.50 to C$4.00 in a report on Thursday. 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. Desjardins raised shares of Kraken Robotics to a "moderate buy" rating in a report on Monday, July 7th. Finally, National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kraken Robotics presently has a consensus rating of "Buy" and an average price target of C$3.38.

Kraken Robotics Stock Down 1.6%

The company has a debt-to-equity ratio of 34.32, a current ratio of 2.78 and a quick ratio of 0.64. The firm's 50 day moving average is C$2.94 and its two-hundred day moving average is C$2.62. The firm has a market capitalization of C$947.48 million, a P/E ratio of 92.21 and a beta of 1.15.

Insider Buying and Selling at Kraken Robotics

In related news, Senior Officer Gregory Michael Reid sold 261,600 shares of the firm's stock in a transaction 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

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.