Raymond James Upgrades Kraken Robotics (CVE:PNG) to “Moderate Buy”

Kraken Robotics (CVE:PNG) was upgraded by analysts at Raymond James to a “moderate buy” rating in a report released on Thursday,Zacks.com reports.

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

Kraken Robotics Trading Up 0.5 %

Shares of PNG opened at C$2.87 on Thursday. The firm has a market capitalization of C$660.47 million, a price-to-earnings ratio of 57.40 and a beta of 1.15. The company has a quick ratio of 0.64, a current ratio of 2.71 and a debt-to-equity ratio of 37.39. Kraken Robotics has a 12-month low of C$0.72 and a 12-month high of C$3.01. The stock’s 50-day moving average price is C$2.55 and its 200 day moving average price is C$1.92.

Insiders Place Their Bets

In other news, Senior Officer Gregory Michael Reid purchased 16,260 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was purchased at an average price of C$2.46 per share, for a total transaction of C$39,999.60. Also, Senior Officer David Shea purchased 11,954 shares of the stock in a transaction on Friday, January 10th. The shares were acquired at an average cost of C$2.64 per share, for a total transaction of C$31,558.56. Corporate 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.