Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Down 0.5% – Time to Sell?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s share price traded down 0.5% on Wednesday . The company traded as low as $33.82 and last traded at $33.82. 11,441 shares were traded during trading, an increase of 167% from the average session volume of 4,284 shares. The stock had previously closed at $34.00.

Analysts Set New Price Targets

Separately, Nordea Equity Research raised shares of Kongsberg Gruppen ASA to a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Kongsberg Gruppen ASA has a consensus rating of “Hold”.

Kongsberg Gruppen ASA Stock Down 0.5%

The company’s 50 day moving average price is $27.32 and its two-hundred day moving average price is $28.74.

Kongsberg Gruppen ASA Company Profile

Kongsberg Gruppen ASA is a Norwegian technology and industrial group specializing in defense, maritime automation, and digitalization solutions. Established in 1814 as Kongsberg Weapons Factory, the company has evolved into a leading supplier of high-technology systems for military and commercial customers. Headquartered in Kongsberg, Norway, it operates through a network of subsidiaries and offices across Europe, North America, Asia and Australia.

In its defense and aerospace division, Kongsberg Gruppen designs and delivers advanced systems such as remote weapon stations, missile systems, command and control solutions, and sensor systems.