Kraken Robotics (OTCMKTS:KRKNF) Stock Price Down 5% – Time to Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF) was down 5% on Wednesday . The stock traded as low as $4.76 and last traded at $4.80. Approximately 2,514,699 shares changed hands during mid-day trading, an increase of 282% from the average daily volume of 658,521 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KRKNF shares. National Bankshares reissued an “outperform” rating on shares of Kraken Robotics in a report on Thursday, September 11th. Raymond James Financial reiterated an “outperform” rating on shares of Kraken Robotics in a research report on Friday, August 22nd. Finally, Scotiabank initiated coverage on shares of Kraken Robotics in a research report on Thursday, August 14th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $3.50.

Kraken Robotics Stock Performance

The company has a 50-day moving average of $3.49 and a 200 day moving average of $2.60.

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.