Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading 4.5% Higher

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) shares traded up 4.5% during trading on Tuesday . The stock traded as high as $43.00 and last traded at $43.00. 220 shares were traded during mid-day trading, a decline of 37% from the average session volume of 351 shares. The stock had previously closed at $41.16.

Analyst Ratings Changes

Several analysts have commented on the company. DNB Markets assumed coverage on Kongsberg Gruppen ASA in a report on Thursday, June 8th. They issued a “buy” rating on the stock. Pareto Securities raised Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a research note on Monday, June 19th.

Kongsberg Gruppen ASA Price Performance

The stock has a 50 day moving average price of $44.01 and a 200-day moving average price of $42.48.

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.