Kraken Robotics (CVE:PNG) Given New C$2.50 Price Target at Canaccord Genuity Group

Kraken Robotics (CVE:PNG) had its price target boosted by Canaccord Genuity Group from C$2.00 to C$2.50 in a report published on Friday,BayStreet.CA reports.

Kraken Robotics Trading Down 2.3 %

CVE:PNG opened at C$2.09 on Friday. The stock’s 50 day simple moving average is C$1.90 and its 200-day simple moving average is C$1.43. Kraken Robotics has a 12-month low of C$0.51 and a 12-month high of C$2.67. 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 firm has a market cap of C$480.97 million, a P/E ratio of 41.80 and a beta of 1.15.

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

Insider Activity at Kraken Robotics

In related news, Senior Officer David Shea sold 142,500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$1.57, for a total value of C$223,782.00. 10.13% of the stock is owned by corporate 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.