Canaccord Genuity Group Raises Kraken Robotics (CVE:PNG) Price Target to C$2.50

Kraken Robotics (CVE:PNG) had its target price raised by equities research analysts at Canaccord Genuity Group from C$2.00 to C$2.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target points to a potential upside of 19.62% from the company’s previous close.

Kraken Robotics Trading Down 2.3 %

Kraken Robotics stock opened at C$2.09 on Friday. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64. The firm has a 50-day moving average of C$1.90 and a 200-day moving average of C$1.44. The company has a market cap of C$480.97 million, a price-to-earnings ratio of 41.80 and a beta of 1.15. Kraken Robotics has a one year low of C$0.51 and a one year high of C$2.67.

Kraken Robotics (CVE:PNG) last issued its quarterly earnings results on Thursday, August 22nd. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$22.76 million during the quarter, compared to analysts’ expectations of C$24.60 million. Kraken Robotics had a return on equity of 23.24% and a net margin of 10.51%. On average, equities analysts expect that Kraken Robotics will post 0.0749482 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer David Shea sold 142,500 shares of Kraken Robotics stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$1.57, for a total transaction of C$223,782.00. 10.13% of the stock is currently owned by insiders.

Kraken Robotics Company Profile

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.