Kraken Robotics (CVE:PNG) Upgraded by Desjardins to “Moderate Buy” Rating

Desjardins upgraded shares of Kraken Robotics (CVE:PNG) to a moderate buy rating in a report published on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group raised their price objective on Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd. Raymond James upgraded shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, January 23rd.

Kraken Robotics Trading Up 7.3 %

Shares of CVE:PNG opened at C$2.65 on Tuesday. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. The stock has a market capitalization of C$609.84 million, a price-to-earnings ratio of 53.00 and a beta of 1.15. Kraken Robotics has a 1-year low of C$0.75 and a 1-year high of C$3.01. The company has a 50 day moving average price of C$2.67 and a 200 day moving average price of C$2.07.

Insider Activity

In related news, Senior Officer Gregory Michael Reid purchased 16,260 shares of Kraken Robotics stock in a transaction on Wednesday, January 8th. The stock was bought at an average price of C$2.46 per share, with a total value of C$39,999.60. Also, Senior Officer David Shea acquired 11,954 shares of the stock in a transaction dated Friday, January 10th. The shares were bought at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. 10.13% of the stock is owned by corporate insiders.

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.