Kraken Robotics (CVE:PNG) Hits New 52-Week High at $1.15

Shares of Kraken Robotics Inc. (CVE:PNG) hit a new 52-week high on Tuesday . The company traded as high as C$1.15 and last traded at C$1.12, with a volume of 1629626 shares trading hands. The stock had previously closed at C$1.02.

Analyst Upgrades and Downgrades

Separately, Echelon Wealth Partners reaffirmed a “buy” rating and set a C$1.60 target price on shares of Kraken Robotics in a report on Thursday, March 28th.

Kraken Robotics Trading Up 9.8 %

The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 50.54. The company has a fifty day moving average price of C$1.00 and a two-hundred day moving average price of C$0.92. The firm has a market capitalization of C$256.37 million, a price-to-earnings ratio of 37.17 and a beta of 1.16.

Kraken Robotics (CVE:PNG) last announced its quarterly earnings data on Wednesday, May 29th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$20.88 million for the quarter, compared to the consensus estimate of C$20.65 million. Kraken Robotics had a return on equity of 19.91% and a net margin of 7.97%. As a group, research analysts forecast that Kraken Robotics Inc. will post 0.0475248 earnings per share for the current fiscal year.

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.