Kraken Robotics Inc. (CVE:PNG - Get Free Report)'s stock price shot up 16.5% on Wednesday . The company traded as high as C$4.05 and last traded at C$4.03. 2,415,500 shares changed hands during trading, an increase of 136% from the average session volume of 1,024,644 shares. The stock had previously closed at C$3.46.
Analyst Ratings Changes
A number of brokerages recently weighed in on PNG. Scotiabank upgraded shares of Kraken Robotics to a "strong-buy" rating in a research report on Thursday, August 14th. Desjardins upped their target price on shares of Kraken Robotics from C$4.00 to C$5.00 and gave the stock a "buy" rating in a research report on Friday, August 22nd. Raymond James Financial upped their target price on shares of Kraken Robotics from C$3.50 to C$4.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group lowered shares of Kraken Robotics from a "strong-buy" rating to a "hold" rating and upped their target price for the stock from C$3.50 to C$4.00 in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Kraken Robotics has an average rating of "Buy" and a consensus target price of C$3.70.
Check Out Our Latest Stock Report on Kraken Robotics
Kraken Robotics Stock Up 18.6%
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 company's 50-day simple moving average is C$3.49 and its 200 day simple moving average is C$2.82. The firm has a market cap of C$1.26 billion, a P/E ratio of 58.64 and a beta of 0.91.
Insider Buying and Selling
In other Kraken Robotics news, Senior Officer Gregory Michael Reid sold 261,600 shares of the 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 owned by company 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Kraken Robotics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kraken Robotics wasn't on the list.
While Kraken Robotics currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
