Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Shares Up 0.9% – Should You Buy?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s share price was up 0.9% during trading on Monday . The company traded as high as $31.00 and last traded at $31.00. 1,900 shares were traded during trading, a decline of 56% from the average session volume of 4,337 shares. The stock had previously closed at $30.72.

Analysts Set New Price Targets

Several analysts have issued reports on NSKFF shares. Morgan Stanley lowered Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a research note on Tuesday, July 7th. Nordea Equity Research upgraded Kongsberg Gruppen ASA from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Kongsberg Gruppen ASA Price Performance

The company’s 50-day moving average price is $31.21 and its two-hundred day moving average price is $35.56.

Kongsberg Gruppen ASA Company Profile

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.