Kraken Robotics (OTCMKTS:KRKNF – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, Zacks reports. The business had revenue of $15.60 million for the quarter, compared to the consensus estimate of $18.30 million.
Kraken Robotics Stock Down 3.3%
Shares of Kraken Robotics stock opened at $5.46 on Friday. Kraken Robotics has a 52 week low of $1.66 and a 52 week high of $8.13. The business’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $5.50.
Analysts Set New Price Targets
Several research firms recently commented on KRKNF. Desjardins raised Kraken Robotics to a “moderate buy” rating in a report on Thursday, March 12th. ATB Cormark Capital Markets lowered Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Zacks Research upgraded Kraken Robotics to a “hold” rating in a report on Friday, March 13th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
About Kraken Robotics
Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.
Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).
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