Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Shares Down 3% – Here’s Why

Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Free Report)’s share price fell 3% during mid-day trading on Monday . The company traded as low as $146.10 and last traded at $146.11. 1,048 shares changed hands during trading, an increase of 20% from the average session volume of 873 shares. The stock had previously closed at $150.57.

Kongsberg Gruppen ASA Price Performance

The stock’s fifty day simple moving average is $122.82 and its 200-day simple moving average is $112.36.

About Kongsberg Gruppen ASA

(Get Free Report)

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.

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