Kraken Robotics (OTCMKTS:KRKNF) Stock Price Up 1.8% – Still a Buy?

Kraken Robotics Inc. (OTCMKTS:KRKNFGet Free Report)’s share price shot up 1.8% during mid-day trading on Tuesday . The company traded as high as $1.70 and last traded at $1.70. 176,845 shares changed hands during trading, a decline of 63% from the average session volume of 473,962 shares. The stock had previously closed at $1.67.

Wall Street Analyst Weigh In

Separately, Raymond James set a $3.50 price target on shares of Kraken Robotics in a report on Thursday, January 23rd.

Read Our Latest Analysis on KRKNF

Kraken Robotics Price Performance

The company has a 50 day moving average price of $1.76 and a 200 day moving average price of $1.59.

About Kraken Robotics

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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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