Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Kongsberg Gruppen ASA (OTCMKTS:NSKFF – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $34.90 and traded as high as $38.4201. Kongsberg Gruppen ASA shares last traded at $38.4201, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley downgraded shares of Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a research report on Tuesday, July 7th. Barclays initiated coverage on shares of Kongsberg Gruppen ASA in a report on Monday, August 10th. They set an “overweight” rating on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kongsberg Gruppen ASA currently has a consensus rating of “Hold”.

Read Our Latest Analysis on NSKFF

Kongsberg Gruppen ASA Stock Performance

The firm has a 50 day moving average price of $33.31 and a 200-day moving average price of $34.99.

About Kongsberg Gruppen ASA

(Get Free Report)

Kongsberg Gruppen ASA is a Norwegian technology company headquartered in Kongsberg, Norway. Its industrial heritage traces back to 1814, when Kongsberg Våpenfabrikk was established. Today, the company develops technology for defense, maritime, and ocean-related markets.

Through Kongsberg Defence & Aerospace, it supplies systems and services including missiles, air defense, remote weapon stations, command-and-control technology, and aerospace products. Kongsberg Maritime provides equipment and technology for commercial vessels and offshore operations, including propulsion, navigation, automation, and dynamic positioning systems.

Kongsberg Discovery develops products such as sonar, underwater robotics, and sensors used in ocean science, fisheries, and marine operations.

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