Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Shares Down 3.6% – Should You Sell?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) traded down 3.6% during mid-day trading on Thursday . The stock traded as low as $41.34 and last traded at $41.48. 21,418 shares changed hands during trading, an increase of 256% from the average session volume of 6,012 shares. The stock had previously closed at $43.05.

Wall Street Analysts Forecast Growth

Separately, Nordea Equity Research upgraded Kongsberg Gruppen ASA to a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Kongsberg Gruppen ASA presently has a consensus rating of “Hold”.

Kongsberg Gruppen ASA Price Performance

The business has a fifty day simple moving average of $31.65 and a 200-day simple moving average of $29.50.

About Kongsberg Gruppen ASA

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.