Kraken Robotics (CVE:PNG) Director Donald Christopher Robertson Buys 10,000 Shares

Kraken Robotics Inc. (CVE:PNG) Director Donald Christopher Robertson bought 10,000 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were bought at an average price of C$6.05 per share, with a total value of C$60,500.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately C$60,500. This trade represents a ∞ increase in their position.

Kraken Robotics Stock Performance

PNG opened at C$6.26 on Friday. The company has a debt-to-equity ratio of 16.23, a quick ratio of 0.64 and a current ratio of 1.37. Kraken Robotics Inc. has a 52-week low of C$3.28 and a 52-week high of C$10.72. The firm has a market cap of C$1.92 billion, a P/E ratio of 744.00 and a beta of 0.87. The business’s fifty day moving average is C$7.21 and its 200-day moving average is C$7.83.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PNG shares. ATB Cormark Capital Markets reduced their price objective on shares of Kraken Robotics from C$6.50 to C$5.00 and set an “underperform” rating on the stock in a research note on Tuesday. Desjardins cut their price target on shares of Kraken Robotics to C$13.50 and set a “buy” rating for the company in a report on Friday, July 3rd. Scotia increased their price target on shares of Kraken Robotics from C$9.00 to C$12.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 3rd. Finally, National Bank Financial decreased their price objective on shares of Kraken Robotics to C$10.00 in a research note on Friday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kraken Robotics has a consensus rating of “Moderate Buy” and a consensus target price of C$8.46.

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. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries.