Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Up 6.4% – Should You Buy?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s share price traded up 6.4% during mid-day trading on Monday . The stock traded as high as $29.00 and last traded at $29.00. 205 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 2,799 shares. The stock had previously closed at $27.27.

Analyst Upgrades and Downgrades

Separately, Pareto Securities lowered shares of Kongsberg Gruppen ASA to a “sell” rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Kongsberg Gruppen ASA Price Performance

The business’s fifty day moving average is $32.96 and its two-hundred day moving average is $100.41.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.