Kraken Robotics (CVE:PNG) Upgraded by Raymond James to Moderate Buy Rating

Raymond James upgraded shares of Kraken Robotics (CVE:PNG) to a moderate buy rating in a report released on Thursday morning,Zacks.com reports.

Separately, Canaccord Genuity Group lifted their price target on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd.

Kraken Robotics Trading Up 0.5 %

Kraken Robotics stock opened at C$2.87 on Thursday. Kraken Robotics has a 52 week low of C$0.72 and a 52 week high of C$3.01. The stock has a market capitalization of C$660.47 million, a P/E ratio of 57.40 and a beta of 1.15. The stock has a 50-day simple moving average of C$2.55 and a 200 day simple moving average of C$1.92. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71.

Insiders Place Their Bets

In other Kraken Robotics news, Senior Officer David Shea acquired 11,954 shares of Kraken Robotics stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid bought 16,260 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was acquired at an average price of C$2.46 per share, for a total transaction of C$39,999.60. Company insiders own 10.13% of the company’s stock.

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.