Kraken Robotics Inc. (OTCMKTS:KRKNF) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have given Kraken Robotics an average rating of "Hold" based on six analysts: 1 sell, 2 hold and 3 buy.
• Recent research is mixed — Desjardins upgraded to a moderate buy and Scotiabank reiterated outperform, while ATB Cormark cut to a strong sell and National Bank Financial lowered to sector perform.
• Kraken opened at $5.94, with a 50-day moving average of $6.24, a 200-day moving average of $5.14, and a 52-week range of $1.55–$8.13.

Kraken Robotics Inc. (OTCMKTS:KRKNF - Get Free Report) has been given an average rating of "Hold" by the six analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company.

Several equities analysts have weighed in on the company. Desjardins upgraded Kraken Robotics to a "moderate buy" rating in a report on Thursday, March 12th. National Bank Financial cut Kraken Robotics from an "outperform" rating to a "sector perform" rating in a report on Wednesday, January 14th. ATB Cormark Capital Markets cut Kraken Robotics from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. Zacks Research upgraded Kraken Robotics to a "hold" rating in a report on Friday, March 13th. Finally, Scotiabank restated an "outperform" rating on shares of Kraken Robotics in a research report on Wednesday, February 18th.

Kraken Robotics Stock Performance

OTCMKTS KRKNF opened at $5.94 on Friday. The business has a 50 day simple moving average of $6.24 and a two-hundred day simple moving average of $5.14. Kraken Robotics has a 1-year low of $1.55 and a 1-year high of $8.13.

About Kraken Robotics

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.