Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading Down 3.6% – Should You Sell?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s stock price traded down 3.6% during mid-day trading on Thursday . The stock traded as low as $41.34 and last traded at $41.48. 21,418 shares changed hands during mid-day trading, an increase of 256% from the average session volume of 6,012 shares. The stock had previously closed at $43.05.

Wall Street Analysts Forecast Growth

Separately, Nordea Equity Research raised Kongsberg Gruppen ASA to a “buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kongsberg Gruppen ASA Price Performance

The stock’s 50-day simple moving average is $31.98 and its 200 day simple moving average is $29.59.

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.