Aker ASA (OTCMKTS:AKAAF) Trading Down 10.8% – Should You Sell?

Aker ASA (OTCMKTS:AKAAF) shares fell 10.8% on Monday . The company traded as low as $69.55 and last traded at $69.55. 110 shares were traded during trading, a decline of 88% from the average session volume of 943 shares. The stock had previously closed at $78.00.

Wall Street Analyst Weigh In

Separately, Danske downgraded shares of Aker ASA to a “hold” rating in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Aker ASA Price Performance

The company’s 50-day moving average price is $80.53 and its two-hundred day moving average price is $71.68.

Aker ASA Company Profile

Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia, and internationally. The company operates in two segments: Industrial Holdings and Financial Investments. It harvests, develops, markets, and sells krill-based ingredients and products, such as Superba Krill Oil, a phospholipid-based omega-3 dietary supplement, and Kori, an omega-3 supplement for consumers; QRILL Aqua, an ingredient for the aquaculture industry; and QRILL Pet, an omega-3 ingredient for pet food.