Kraken Robotics (CVE:PNG) Upgraded to "Moderate Buy" at Desjardins

Kraken Robotics (CVE:PNG - Get Free Report) was upgraded by Desjardins to a "moderate buy" rating in a research note issued on Monday,Zacks.com reports.

PNG has been the subject of a number of other reports. National Bank Financial raised shares of Kraken Robotics to a "strong-buy" rating in a report on Wednesday, April 23rd. National Bankshares set a C$3.00 price objective on shares of Kraken Robotics and gave the stock an "outperform" rating in a research report on Thursday, April 24th.

Kraken Robotics Price Performance

Shares of CVE:PNG traded up C$0.16 on Monday, reaching C$3.30. The company's stock had a trading volume of 1,093,158 shares, compared to its average volume of 963,433. The company has a market cap of C$897.18 million, a P/E ratio of 87.31 and a beta of 1.15. Kraken Robotics has a 52-week low of C$1.09 and a 52-week high of C$3.32. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. The company has a 50-day simple moving average of C$2.64 and a 200 day simple moving average of C$2.54.

Insider Buying and Selling at Kraken Robotics

In other news, Senior Officer Gregory Michael Reid sold 261,600 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$2.88, for a total transaction of C$753,408.00. Company insiders own 10.13% of the company's stock.

Kraken Robotics Company Profile

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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