Kraken Robotics (OTCMKTS:KRKNF) Hits New 12-Month Low - What's Next?

Key Points

• Kraken Robotics shares hit a new 52-week low, trading at $2.65 after falling 2.6%; the price is below both its 50-day ($3.30) and 200-day ($4.96) moving averages.
• Analyst sentiment remains moderately positive: recent upgrades included Scotiabank’s “strong buy” and ATB Cormark’s move to “hold,” resulting in a consensus rating of “Moderate Buy.”
• The company met quarterly EPS expectations at $0.01 and exceeded revenue estimates with $19.23 million, but it reported a negative net margin of 6.91%; analysts forecast $0.05 in full-year EPS.

Kraken Robotics Inc. (OTCMKTS:KRKNF - Get Free Report) shares reached a new 52-week low on Monday. The company traded as low as $2.65 and last traded at $2.65, with a volume of 262,646 shares. The stock had previously closed at $2.7211.

Analyst Upgrades and Downgrades

KRKNF has been the topic of several analyst reports. ATB Cormark Capital Markets raised shares of Kraken Robotics from a "strong sell" rating to a "hold" rating in a report on Friday, August 28th. Royal Bank Of Canada started coverage on shares of Kraken Robotics in a report on Tuesday, September 15th. They set a "moderate buy" rating for the company. Finally, Scotiabank upgraded shares of Kraken Robotics to a "strong-buy" rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Kraken Robotics has a consensus rating of "Moderate Buy".

Kraken Robotics Stock Down 2.6%

The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $3.30 and a 200 day moving average of $4.96.

Kraken Robotics (OTCMKTS:KRKNF - Get Free Report) last announced its quarterly earnings results on Thursday, August 27th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%. The firm had revenue of $19.23 million for the quarter, compared to analysts' expectations of $18.52 million. On average, equities research analysts forecast that Kraken Robotics Inc. will post 0.05 EPS for the current fiscal year.

About Kraken Robotics

Kraken Robotics Inc is a Canadian marine technology company that develops advanced sensors, autonomous underwater vehicles and subsea power systems. Its products are designed to support underwater imaging, mapping, inspection and data collection for defense, commercial and scientific applications.

The company's portfolio includes AquaPix synthetic aperture sonar systems, autonomous underwater vehicles such as ThunderFish, and SeaPower subsea battery technologies. These products are intended to help customers identify and analyze objects and terrain beneath the water, inspect marine infrastructure and conduct long-duration subsea missions.

Founded in 2012, Kraken Robotics is headquartered in St.

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