Kraken Robotics (OTCMKTS:KRKNF) Issues Earnings Results

Kraken Robotics (OTCMKTS:KRKNF) issued its quarterly earnings data on Thursday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

Kraken Robotics Trading Up 1.0%

Shares of OTCMKTS KRKNF opened at $5.95 on Thursday. The business’s 50 day moving average price is $5.91 and its 200-day moving average price is $5.49. Kraken Robotics has a fifty-two week low of $1.66 and a fifty-two week high of $8.13.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Kraken Robotics to a “hold” rating in a research note on Friday, March 13th. Scotiabank reissued an “outperform” rating on shares of Kraken Robotics in a research note on Wednesday, February 18th. Desjardins raised shares of Kraken Robotics to a “moderate buy” rating in a research note on Thursday, March 12th. Finally, ATB Cormark Capital Markets downgraded shares of Kraken Robotics from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kraken Robotics presently has an average 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).