Kraken Robotics (OTCMKTS:KRKNF) Stock Price Down 0.3% – Should You Sell?

Kraken Robotics Inc. (OTCMKTS:KRKNF) shares traded down 0.3% on Friday . The company traded as low as $2.47 and last traded at $2.51. 409,340 shares changed hands during trading, a decline of 6% from the average session volume of 437,525 shares. The stock had previously closed at $2.52.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Desjardins reaffirmed a “buy” rating on shares of Kraken Robotics in a report on Wednesday, April 30th. Scotiabank assumed coverage on shares of Kraken Robotics in a report on Thursday, August 14th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kraken Robotics has a consensus rating of “Buy” and a consensus price target of $3.50.

Kraken Robotics Trading Down 0.3%

The company’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $1.97.

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.