Kongsberg Gruppen ASA (NSKFF) Projected to Announce Earnings on Thursday

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) is expected to be posting its results before the market opens on Thursday, October 29th. Analysts expect Kongsberg Gruppen ASA to announce earnings of $0.1686 per share and revenue of $1.07 billion for the quarter.

Kongsberg Gruppen ASA Trading Up 0.3%

NSKFF opened at $33.49 on Wednesday. The company’s 50-day moving average price is $33.06 and its 200 day moving average price is $34.82. Kongsberg Gruppen ASA has a fifty-two week low of $22.39 and a fifty-two week high of $45.00.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays initiated coverage on Kongsberg Gruppen ASA in a research report on Monday, August 10th. They issued an “overweight” rating on the stock. Morgan Stanley downgraded shares of Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a report on Tuesday, July 7th. Two 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, Kongsberg Gruppen ASA currently has a consensus rating of “Hold”.

About Kongsberg Gruppen ASA

Kongsberg Gruppen ASA is a Norway-based technology company headquartered in Kongsberg. Its roots date to 1814, when Kongsberg Våpenfabrikk was established to manufacture military equipment. The modern Kongsberg Group was formed in 1987 following the restructuring of the former state-owned industrial company and has since developed into an international provider of technology for defense, maritime, energy, and industrial markets.

Through Kongsberg Defence & Aerospace, the company develops defense systems including missiles, remote weapon stations, command-and-control solutions, surveillance technologies, and space-related products.