Echelon Wealth Partners Reiterates “Buy” Rating for Kraken Robotics (CVE:PNG)

Kraken Robotics (CVE:PNG)‘s stock had its “buy” rating restated by research analysts at Echelon Wealth Partners in a research note issued on Thursday, Marketbeat Ratings reports. They presently have a C$1.60 price target on the stock. Echelon Wealth Partners’ target price indicates a potential upside of 44.14% from the company’s previous close.

Separately, Cormark lifted their target price on shares of Kraken Robotics from C$1.00 to C$1.25 in a research report on Wednesday, November 29th.

Kraken Robotics Price Performance

Shares of CVE PNG opened at C$1.11 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 42.36. Kraken Robotics has a twelve month low of C$0.35 and a twelve month high of C$1.11. The firm has a market cap of C$228.78 million, a P/E ratio of -63.00 and a beta of 1.12. The company has a 50 day moving average of C$0.94 and a 200 day moving average of C$0.69.

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. It operates in two segments, Sensors and Platforms, and Power.