Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading Up 0.6% – Here’s What Happened

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s share price shot up 0.6% during mid-day trading on Tuesday . The company traded as high as $28.69 and last traded at $28.69. 3,048 shares were traded during trading, an increase of 2% from the average session volume of 2,983 shares. The stock had previously closed at $28.51.

Wall Street Analysts Forecast Growth

Separately, Nordea Equity Research upgraded shares of Kongsberg Gruppen ASA to a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Kongsberg Gruppen ASA Stock Performance

The business has a 50 day moving average of $25.04 and a two-hundred day moving average of $29.31.

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.