Kraken Robotics (CVE:PNG) Hits New 1-Year High – Time to Buy?

Kraken Robotics Inc. (CVE:PNG) shares hit a new 52-week high on Thursday . The stock traded as high as C$2.11 and last traded at C$2.09, with a volume of 406226 shares trading hands. The stock had previously closed at C$2.03.

Kraken Robotics Trading Up 14.5 %

The business has a 50 day simple moving average of C$1.75 and a two-hundred day simple moving average of C$1.35. The company has a current ratio of 2.71, a quick ratio of 0.64 and a debt-to-equity ratio of 37.39. The company has a market cap of C$579.93 million, a PE ratio of 50.40 and a beta of 1.15.

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

Insider Transactions at Kraken Robotics

In related news, Senior Officer David Shea sold 142,500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1.57, for a total transaction of C$223,782.00. 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.