Kraken Robotics (CVE:PNG) Stock Price Down 2.9% – What’s Next?

Shares of Kraken Robotics Inc. (CVE:PNG) fell 2.9% during trading on Thursday . The stock traded as low as C$2.67 and last traded at C$2.67. 260,647 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 700,360 shares. The stock had previously closed at C$2.75.

Analyst Ratings Changes

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

Kraken Robotics Stock Performance

The firm has a market capitalization of C$625.95 million, a PE ratio of 54.40 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a current ratio of 2.71 and a quick ratio of 0.64. The company’s fifty day simple moving average is C$2.36 and its 200 day simple moving average is C$1.73.

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.