Kraken Robotics (CVE:PNG) Upgraded at Raymond James

Raymond James upgraded shares of Kraken Robotics (CVE:PNG) to a moderate buy rating in a report published on Thursday morning,Zacks.com reports.

Separately, Canaccord Genuity Group raised their price objective on shares of Kraken Robotics from C$2.00 to C$2.50 in a research note on Friday, November 22nd.

Kraken Robotics Stock Up 0.5 %

Kraken Robotics stock opened at C$2.87 on Thursday. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. Kraken Robotics has a one year low of C$0.72 and a one year high of C$3.01. The company has a 50-day simple moving average of C$2.57 and a 200-day simple moving average of C$1.93. The firm has a market capitalization of C$660.47 million, a P/E ratio of 57.40 and a beta of 1.15.

Insider Buying and Selling at Kraken Robotics

In other Kraken Robotics news, Senior Officer Gregory Michael Reid bought 16,260 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of C$2.46 per share, with a total value of C$39,999.60. Also, Senior Officer David Shea purchased 11,954 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were acquired at an average price of C$2.64 per share, for a total transaction of C$31,558.56. Company insiders own 10.13% of the company’s stock.

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.