Aker Solutions ASA (OTCMKTS:AKRTF) Trading 27.4% Higher – Here’s What Happened

Aker Solutions ASA (OTCMKTS:AKRTF)’s stock price was up 27.4% during trading on Wednesday . The company traded as high as $4.00 and last traded at $4.00. Approximately 1,500 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 733 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

Separately, Danske cut Aker Solutions ASA from a “hold” rating to a “sell” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Aker Solutions ASA Trading Up 27.4%

The stock has a 50 day moving average of $3.13 and a 200-day moving average of $2.98.

Aker Solutions ASA Company Profile

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.