Kraken Robotics (CVE:PNG) Upgraded at Desjardins

Kraken Robotics (CVE:PNG) was upgraded by equities researchers at Desjardins to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

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

Kraken Robotics Stock Performance

CVE PNG opened at C$2.65 on Tuesday. The company has a market capitalization of C$609.84 million, a price-to-earnings ratio of 53.00 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. Kraken Robotics has a twelve month low of C$0.75 and a twelve month high of C$3.01. The stock has a fifty day simple moving average of C$2.67 and a 200 day simple moving average of C$2.07.

Insider Transactions at Kraken Robotics

In related news, Senior Officer David Shea acquired 11,954 shares of Kraken Robotics stock in a transaction dated 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. Also, 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 price of C$2.46 per share, with a total value of C$39,999.60. Corporate insiders own 10.13% of the company’s stock.

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.