Kraken Robotics (CVE:PNG) Stock Crosses Below 50-Day Moving Average of $1.05
Kraken Robotics Inc. (CVE:PNG – Get Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.05 and traded as low as C$0.97. Kraken Robotics shares last traded at C$0.99, with a volume of 532,224 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Echelon Wealth Partners restated a “buy” rating and set a C$1.60 target price on shares of Kraken Robotics in a research report on Thursday, March 28th.
Check Out Our Latest Research Report on PNG
Kraken Robotics Price Performance
The business has a fifty day moving average price of C$1.04 and a 200-day moving average price of C$0.84. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 50.54. The stock has a market capitalization of C$226.61 million, a PE ratio of 33.00 and a beta of 1.16.
Kraken Robotics (CVE:PNG – Get Free Report) last released its earnings results on Thursday, April 18th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$28.01 million during the quarter. Kraken Robotics had a return on equity of 19.91% and a net margin of 7.97%. Research analysts expect that Kraken Robotics Inc. will post 0.0475248 EPS for the current fiscal year.
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.
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