Aker ASA (OTCMKTS:AKAAF) Trading Down 10.8% – Here’s What Happened

Aker ASA (OTCMKTS:AKAAF) shares were down 10.8% during mid-day trading on Monday . The stock traded as low as $69.55 and last traded at $69.55. Approximately 110 shares traded hands during trading, a decline of 88% from the average daily volume of 943 shares. The stock had previously closed at $78.00.

Wall Street Analysts Forecast Growth

Separately, Danske lowered shares of Aker ASA to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Aker ASA Stock Performance

The stock has a 50-day moving average of $80.53 and a 200-day moving average of $71.68.

About Aker ASA

Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia, and internationally. The company operates in two segments: Industrial Holdings and Financial Investments. It harvests, develops, markets, and sells krill-based ingredients and products, such as Superba Krill Oil, a phospholipid-based omega-3 dietary supplement, and Kori, an omega-3 supplement for consumers; QRILL Aqua, an ingredient for the aquaculture industry; and QRILL Pet, an omega-3 ingredient for pet food.