Kraken Robotics (CVE:PNG) Trading Down 2.9% – Should You Sell?

Kraken Robotics Inc. (CVE:PNG) shares traded down 2.9% during trading on Thursday . The stock traded as low as C$2.67 and last traded at C$2.67. 260,647 shares changed hands during trading, a decline of 63% from the average session volume of 700,360 shares. The stock had previously closed at C$2.75.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on Kraken Robotics from C$2.00 to C$2.50 in a report on Friday, November 22nd.

Kraken Robotics Stock Down 1.1 %

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 firm’s 50 day moving average price is C$2.36 and its two-hundred day moving average price is C$1.73. The company has a market cap of C$625.95 million, a P/E ratio of 54.40 and a beta of 1.15.

About Kraken Robotics

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.