Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Up 12.4% – Still a Buy?

Shares of Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Free Report) were up 12.4% during mid-day trading on Wednesday . The company traded as high as $121.00 and last traded at $121.00. Approximately 450 shares were traded during trading, a decline of 28% from the average daily volume of 625 shares. The stock had previously closed at $107.68.

Kongsberg Gruppen ASA Trading Down 2.3 %

The firm has a fifty day moving average price of $112.08 and a 200 day moving average price of $105.86.

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.

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