Aker Solutions ASA (OTCMKTS:AKRTF) Stock Price Up 0.7% – Still a Buy?

Aker Solutions ASA (OTCMKTS:AKRTF)’s share price rose 0.7% on Monday . The company traded as high as $4.85 and last traded at $4.85. Approximately 10,155 shares were traded during mid-day trading, an increase of 322% from the average daily volume of 2,409 shares. The stock had previously closed at $4.8150.

Analyst Ratings Changes

AKRTF has been the subject of a number of recent research reports. Pareto Securities lowered shares of Aker Solutions ASA from a “buy” rating to a “hold” rating in a research note on Thursday, April 30th. Barclays lowered shares of Aker Solutions ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Aker Solutions ASA in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Aker Solutions ASA presently has an average rating of “Reduce”.

Aker Solutions ASA Price Performance

The stock has a 50 day moving average of $4.69 and a 200 day moving average of $3.96.

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.