DnB Asset Management AS Purchases Shares of 52,880 Nauticus Robotics, Inc. (NASDAQ:KITT)

DnB Asset Management AS acquired a new position in Nauticus Robotics, Inc. (NASDAQ:KITT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 52,880 shares of the company’s stock, valued at approximately $82,000. DnB Asset Management AS owned about 0.82% of Nauticus Robotics at the end of the most recent reporting period.

Nauticus Robotics Stock Performance

Shares of NASDAQ:KITT opened at $1.09 on Thursday. The stock has a market capitalization of $6.98 million, a price-to-earnings ratio of -0.02 and a beta of -0.02. Nauticus Robotics, Inc. has a 1-year low of $0.82 and a 1-year high of $14.85. The company has a 50 day moving average price of $1.31 and a 200 day moving average price of $1.45.

About Nauticus Robotics

Nauticus Robotics, Inc develops ocean robots, cloud software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; Olympic Arm, an all-electric manipulator designed for a variety of intervention tasks on work class remotely operated vehicles; and ToolKITT, a software platform, which consists of interrelated products for ocean sensing, manipulation, autonomous behaviors, survey, search and recovery, and manual intervention.