Kraken Robotics (CVE:PNG) Sets New 52-Week High – Should You Buy?

Kraken Robotics Inc. (CVE:PNG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.85 and last traded at C$2.80, with a volume of 457069 shares trading hands. The stock had previously closed at C$2.77.

Wall Street Analysts Forecast Growth

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

Kraken Robotics Price Performance

The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. The firm has a fifty day simple moving average of C$2.39 and a two-hundred day simple moving average of C$1.76. The firm has a market cap of C$621.35 million, a PE ratio of 54.00 and a beta of 1.15.

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.