Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading Down 2.9% – Time to Sell?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s stock price was down 2.9% on Monday . The company traded as low as $24.43 and last traded at $24.76. Approximately 21,286 shares changed hands during trading, an increase of 647% from the average daily volume of 2,849 shares. The stock had previously closed at $25.50.

Wall Street Analyst Weigh In

NSKFF has been the topic of several analyst reports. Morgan Stanley began coverage on Kongsberg Gruppen ASA in a report on Thursday, September 4th. They set a “mixed” rating on the stock. Nordea Equity Research raised shares of Kongsberg Gruppen ASA to a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Kongsberg Gruppen ASA Price Performance

The stock’s 50-day moving average price is $26.04 and its 200-day moving average price is $33.46.

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.