Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Shares Up 13.5% – Still a Buy?

Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Free Report) was up 13.5% during trading on Tuesday . The stock traded as high as $120.35 and last traded at $120.35. Approximately 1,548 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 727 shares. The stock had previously closed at $106.00.

Kongsberg Gruppen ASA Price Performance

The firm has a 50 day moving average price of $104.54 and a 200 day moving average price of $96.83.

About Kongsberg Gruppen ASA

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Kongsberg Gruppen ASA, together with its subsidiaries, provides high-tech systems and solutions primarily to customers in the maritime and defense markets. The company operates through three segments: Kongsberg Maritime, Kongsberg Defence & Aerospace, and Other. The Kongsberg Maritime segment offers solutions and systems for bridge and control systems, which include dynamic positioning, propulsion control, and navigation, as well as automation systems; energy solutions and ship design services; and propellers, thrusters, water jet systems, and systems for offshore manoeuvring of maritime vessels.

Further Reading

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