Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading 0.7% Higher – Here’s What Happened

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) shares traded up 0.7% during trading on Monday . The company traded as high as $35.23 and last traded at $35.00. 520 shares were traded during mid-day trading, a decline of 87% from the average session volume of 4,061 shares. The stock had previously closed at $34.75.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Nordea Equity Research upgraded Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Morgan Stanley lowered Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a report on Tuesday, July 7th. Finally, Barclays assumed coverage on shares of Kongsberg Gruppen ASA in a research report on Monday, August 10th. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Kongsberg Gruppen ASA Price Performance

The company has a fifty day simple moving average of $31.07 and a 200-day simple moving average of $35.69.

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.