Aker Solutions ASA (OTCMKTS:AKRTF) Trading 9.2% Higher – Should You Buy?

Shares of Aker Solutions ASA (OTCMKTS:AKRTF) were up 9.2% during trading on Monday . The company traded as high as $3.19 and last traded at $3.19. Approximately 550 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 507 shares. The stock had previously closed at $2.92.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Pareto Securities upgraded shares of Aker Solutions ASA from a “hold” rating to a “buy” rating in a research note on Monday, October 20th. Danske upgraded shares of Aker Solutions ASA to a “hold” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Aker Solutions ASA presently has a consensus rating of “Moderate Buy”.

Aker Solutions ASA Price Performance

The stock has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $2.92.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.