Kraken Robotics (CVE:PNG) Price Target Raised to C$2.50

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

Kraken Robotics Stock Performance

Shares of PNG opened at C$2.09 on Friday. The stock has a 50-day simple moving average of C$1.90 and a 200-day simple moving average of C$1.44. 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 stock has a market capitalization of C$480.97 million, a PE ratio of 41.80 and a beta of 1.15. Kraken Robotics has a 1 year low of C$0.51 and a 1 year high of C$2.67.

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

Insider Buying and Selling

In other Kraken Robotics news, Senior Officer David Shea sold 142,500 shares of the business’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 company 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.