Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading Down 2.9% – What’s Next?

Shares of Kongsberg Gruppen ASA (OTCMKTS:NSKFF) traded down 2.9% during trading on Monday . The company traded as low as $24.43 and last traded at $24.76. 21,286 shares traded hands during mid-day trading, an increase of 647% from the average session volume of 2,849 shares. The stock had previously closed at $25.50.

Analysts Set New Price Targets

NSKFF has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of Kongsberg Gruppen ASA in a research note on Thursday, September 4th. They issued a “mixed” rating for the company. Nordea Equity Research upgraded Kongsberg Gruppen ASA to a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kongsberg Gruppen ASA Stock Performance

The stock has a 50-day moving average price of $26.33 and a 200 day moving average price of $34.58.

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.