Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading 0.7% Higher – Here’s What Happened

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) was up 0.7% during mid-day trading on Monday . The stock traded as high as $35.23 and last traded at $35.00. 520 shares changed hands during trading, a decline of 87% from the average daily volume of 4,061 shares. The stock had previously closed at $34.75.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NSKFF shares. Morgan Stanley lowered Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a report on Tuesday, July 7th. Barclays initiated coverage on Kongsberg Gruppen ASA in a research report on Monday, August 10th. They set an “overweight” rating for the company. Finally, Nordea Equity Research raised Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kongsberg Gruppen ASA Stock Performance

The business’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $35.69.

About Kongsberg Gruppen ASA

Kongsberg Gruppen ASA is a Norwegian technology and industrial group specializing in defense, maritime automation, and digitalization solutions. Established in 1814 as Kongsberg Weapons Factory, the company has evolved into a leading supplier of high-technology systems for military and commercial customers. Headquartered in Kongsberg, Norway, it operates through a network of subsidiaries and offices across Europe, North America, Asia and Australia.

In its defense and aerospace division, Kongsberg Gruppen designs and delivers advanced systems such as remote weapon stations, missile systems, command and control solutions, and sensor systems.