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

Key Points

• Analysts give Kraken Robotics a consensus rating of Hold based on six ratings: one sell, two hold and three buy.
• Recent research is mixed—Desjardins and Scotiabank issued upgrades (to "moderate buy" and "outperform"), while ATB cut to a "strong sell" and National Bank downgraded to "sector perform."
• Shares opened at $5.20 and are trading down about 8.3%; the 50‑day moving average is $6.32, the 200‑day is $5.39, and the 52‑week range is $1.62–$8.13.

Kraken Robotics Inc. (OTCMKTS:KRKNF - Get Free Report) has earned a consensus rating of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company.

KRKNF has been the topic of several recent research reports. Zacks Research upgraded shares of Kraken Robotics to a "hold" rating in a research report on Friday, March 13th. Scotiabank reiterated an "outperform" rating on shares of Kraken Robotics in a research report on Wednesday, February 18th. Desjardins upgraded shares of Kraken Robotics to a "moderate buy" rating in a research report on Thursday, March 12th. ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 12th. Finally, National Bank Financial downgraded shares of Kraken Robotics from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 14th.

Kraken Robotics Trading Down 8.3%

Shares of OTCMKTS:KRKNF opened at $5.20 on Wednesday. The company's 50-day moving average price is $6.32 and its 200 day moving average price is $5.39. Kraken Robotics has a fifty-two week low of $1.62 and a fifty-two week 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).

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