Kraken Robotics (OTCMKTS:KRKNF) Issues Earnings Results

Kraken Robotics (OTCMKTS:KRKNF) issued its quarterly earnings results on Thursday. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01, Zacks reports. Kraken Robotics had a negative return on equity of 0.35% and a negative net margin of 0.68%.

Kraken Robotics Trading Down 0.9%

Shares of OTCMKTS:KRKNF opened at $4.19 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.10. Kraken Robotics has a 52-week low of $2.39 and a 52-week high of $8.13. The stock has a market cap of $1.56 billion and a price-to-earnings ratio of -419.00. The business has a 50-day moving average price of $4.47 and a 200-day moving average price of $5.42.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Kraken Robotics presently has a consensus rating of “Hold”.

Kraken Robotics Company Profile

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).