Kraken Robotics (CVE:PNG) Shares Down 2.9% – Time to Sell?

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

Analyst Upgrades and Downgrades

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

Kraken Robotics Stock Up 6.1 %

The stock’s 50 day moving average price is C$2.39 and its 200-day moving average price is C$1.75. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. The company has a market cap of C$637.46 million, a PE ratio of 55.40 and a beta of 1.15.

About Kraken Robotics

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.