Kraken Robotics (CVE:PNG) Upgraded at Desjardins

Desjardins upgraded shares of Kraken Robotics (CVE:PNGFree Report) to a moderate buy rating in a report published on Tuesday,Zacks.com reports.

PNG has been the subject of a number of other reports. Raymond James upgraded Kraken Robotics to a “moderate buy” rating in a research report on Thursday, January 23rd. Canaccord Genuity Group boosted their price target on Kraken Robotics from C$2.00 to C$2.50 in a research report on Friday, November 22nd.

View Our Latest Research Report on Kraken Robotics

Kraken Robotics Stock Performance

Shares of CVE:PNG opened at C$2.58 on Tuesday. The firm has a market cap of C$701.44 million, a PE ratio of 68.26 and a beta of 1.15. The firm’s 50 day simple moving average is C$2.67 and its 200-day simple moving average is C$2.07. The company has a debt-to-equity ratio of 34.32, a quick ratio of 0.64 and a current ratio of 2.78. Kraken Robotics has a one year low of C$0.80 and a one year high of C$3.01.

Insider Activity at Kraken Robotics

In related news, Senior Officer Gregory Michael Reid acquired 16,260 shares of the stock in a transaction dated 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 stock in a transaction that occurred on Friday, January 10th. The stock was bought at an average price of C$2.64 per share, with a total value of C$31,558.56. 10.13% of the stock is owned by corporate insiders.

Kraken Robotics Company Profile

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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.

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