Kraken Robotics (CVE:PNG) Rating Increased to Moderate Buy at Raymond James

Raymond James upgraded shares of Kraken Robotics (CVE:PNGFree Report) to a moderate buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

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

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Kraken Robotics Stock Performance

CVE:PNG opened at C$2.87 on Thursday. The firm’s 50-day moving average is C$2.57 and its 200-day moving average is C$1.93. The company has a market cap of C$660.47 million, a price-to-earnings ratio of 57.40 and a beta of 1.15. The company has a debt-to-equity ratio of 37.39, a quick ratio of 0.64 and a current ratio of 2.71. Kraken Robotics has a 52-week low of C$0.72 and a 52-week high of C$3.01.

Insider Buying and Selling

In other Kraken Robotics news, Senior Officer David Shea bought 11,954 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average price of C$2.64 per share, with a total value of C$31,558.56. Also, Senior Officer Gregory Michael Reid purchased 16,260 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were acquired at an average price of C$2.46 per share, with a total value of C$39,999.60. 10.13% of the stock is owned by company insiders.

About Kraken Robotics

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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.

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