Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Shares Up 2.1% – Here’s Why

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) shot up 2.1% during trading on Wednesday . The stock traded as high as $32.68 and last traded at $32.68. 151 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 2,519 shares. The stock had previously closed at $32.00.

Wall Street Analyst Weigh In

Several research firms recently commented on NSKFF. Morgan Stanley began coverage on Kongsberg Gruppen ASA in a report on Thursday, September 4th. They issued a “mixed” rating for the company. Pareto Securities downgraded Kongsberg Gruppen ASA to a “sell” rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Kongsberg Gruppen ASA Stock Performance

The stock has a 50 day simple moving average of $30.43 and a 200-day simple moving average of $79.22.

About Kongsberg Gruppen ASA

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.