Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Down 2.9% – Here’s What Happened

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) fell 2.9% during mid-day trading on Monday . The stock traded as low as $24.43 and last traded at $24.76. 21,286 shares were traded during trading, an increase of 647% from the average session volume of 2,849 shares. The stock had previously closed at $25.50.

Analyst Upgrades and Downgrades

NSKFF has been the subject of several research reports. Nordea Equity Research upgraded shares of Kongsberg Gruppen ASA to a “buy” rating in a research note on Friday, October 31st. Morgan Stanley started coverage on shares of Kongsberg Gruppen ASA in a research note on Thursday, September 4th. They issued a “mixed” rating for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kongsberg Gruppen ASA presently has a consensus rating of “Hold”.

Kongsberg Gruppen ASA Stock Down 2.9%

The stock has a 50 day moving average of $26.33 and a two-hundred day moving average of $34.58.

About Kongsberg Gruppen ASA

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.