Kraken Robotics Inc Expected to Earn Q4 2019 Earnings of $0.00 Per Share (CVE:PNG)

Kraken Robotics Inc (CVE:PNG) – Equities research analysts at Clarus Securities decreased their Q4 2019 earnings estimates for shares of Kraken Robotics in a research note issued on Wednesday, October 16th, according to Zacks Investment Research. Clarus Securities analyst S. Kammermayer now forecasts that the company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.01. Clarus Securities has a “Buy” rating on the stock.

Shares of CVE PNG traded down C$0.01 during midday trading on Friday, hitting C$0.68. 53,003 shares of the stock traded hands, compared to its average volume of 236,618. The company has a debt-to-equity ratio of 21.45, a quick ratio of 0.90 and a current ratio of 1.57. The firm has a market capitalization of $103.66 million and a P/E ratio of -20.61. Kraken Robotics has a one year low of C$0.36 and a one year high of C$0.92. The firm has a 50-day moving average of C$0.66 and a two-hundred day moving average of C$0.62.

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

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 in....

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