Analysts Set Expectations for Kraken Robotics Inc’s Q3 2019 Earnings (CVE:PNG)

Kraken Robotics Inc (CVE:PNG) – Investment analysts at Clarus Securities boosted their Q3 2019 earnings estimates for shares of Kraken Robotics in a research note issued to investors on Wednesday, October 16th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.02 for the quarter, up from their previous forecast of $0.01. Clarus Securities currently has a “Buy” rating on the stock.

Kraken Robotics (CVE:PNG) last released its quarterly earnings results on Wednesday, August 28th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$1.34 million during the quarter.

CVE PNG opened at C$0.69 on Monday. The firm has a market cap of $100.74 million and a PE ratio of -20.91. Kraken Robotics has a one year low of C$0.36 and a one year high of C$0.92. The stock’s 50 day simple moving average is C$0.60 and its 200 day simple moving average is C$0.63. The company has a debt-to-equity ratio of 21.45, a current ratio of 1.57 and a quick ratio of 0.90.

About Kraken Robotics

Kraken Robotics Inc, a marine technology company, designs, develops, and markets underwater sonars and acoustic velocity sensors for unmanned underwater vehicles used in military and commercial applications in Canada, the United States, France, Israel, and internationally. The company offers AquaPix, an interferometric synthetic aperture sonar for use in onboard autonomous underwater vehicles, remotely operated tow vehicles, remotely operated vehicles, and tow bodies; real time synthetic aperture sonar (SAS) image processors; Aquatrak, a speed sensor; and SeaVision, a 3D laser system for underwater vehicles.

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Earnings History and Estimates for Kraken Robotics (CVE:PNG)

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