Kraken Robotics (CVE:PNG) Shares Cross Below 50-Day Moving Average of $1.05

Kraken Robotics Inc. (CVE:PNG)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$1.05 and traded as low as C$1.00. Kraken Robotics shares last traded at C$1.04, with a volume of 659,829 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.

Kraken Robotics Stock Down 2.9 %

The business has a 50-day moving average price of C$1.05 and a two-hundred day moving average price of C$0.79. The company has a quick ratio of 0.64, a current ratio of 1.08 and a debt-to-equity ratio of 42.36. The firm has a market cap of C$208.17 million, a PE ratio of -63.00 and a beta of 1.12.

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.