Kraken Robotics Inc. (CVE:PNG - Get Free Report) shares shot up 0.7% on Tuesday . The company traded as high as C$2.82 and last traded at C$2.79. 1,143,534 shares traded hands during trading, an increase of 18% from the average session volume of 968,974 shares. The stock had previously closed at C$2.77.
Analysts Set New Price Targets
A number of research firms have recently weighed in on PNG. National Bank Financial raised Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. National Bankshares set a C$3.00 target price on Kraken Robotics and gave the stock an "outperform" rating in a report on Thursday, April 24th. Finally, Desjardins boosted their target price on Kraken Robotics from C$3.60 to C$4.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th.
Check Out Our Latest Report on PNG
Kraken Robotics Stock Performance
The firm's fifty day moving average price is C$2.51 and its 200 day moving average price is C$2.52. 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 has a market capitalization of C$758.53 million, a PE ratio of 73.82 and a beta of 1.15.
Insider Buying and Selling
In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the business's stock in a transaction 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. 10.13% of the stock is currently owned by corporate insiders.
About Kraken Robotics
(
Get Free Report)
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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