Kraken Robotics (CVE:PNG) Reaches New 1-Year High – Here’s What Happened

Kraken Robotics Inc. (CVE:PNG) reached a new 52-week high on Thursday . The stock traded as high as C$2.11 and last traded at C$2.09, with a volume of 406226 shares trading hands. The stock had previously closed at C$2.03.

Kraken Robotics Stock Up 8.4 %

The company has a market cap of C$506.29 million, a price-to-earnings ratio of 43.80 and a beta of 1.15. The business has a 50-day simple moving average of C$1.72 and a two-hundred day simple moving average of C$1.33. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39.

Kraken Robotics (CVE:PNG) last released its earnings results on Thursday, August 22nd. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$22.76 million during the quarter, compared to analyst estimates of C$24.60 million. Kraken Robotics had a net margin of 10.51% and a return on equity of 23.24%. As a group, equities analysts forecast that Kraken Robotics Inc. will post 0.0749482 earnings per share for the current fiscal year.

Insider Buying and Selling at Kraken Robotics

In related news, Senior Officer David Shea sold 142,500 shares of Kraken Robotics stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1.57, for a total transaction of C$223,782.00. Company insiders own 10.13% of the company’s stock.

About Kraken Robotics

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.