Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Down 14.9% – Should You Sell?

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s stock price dropped 14.9% on Thursday . The company traded as low as $24.1250 and last traded at $25.01. Approximately 1,346 shares changed hands during trading, a decline of 42% from the average daily volume of 2,329 shares. The stock had previously closed at $29.40.

Analysts Set New Price Targets

Separately, Morgan Stanley began coverage on Kongsberg Gruppen ASA in a research note on Thursday, September 4th. They set a “mixed” rating for the company. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Kongsberg Gruppen ASA Trading Down 14.9%

The company has a 50 day moving average price of $30.67 and a 200 day moving average price of $66.34.

Kongsberg Gruppen ASA Company Profile

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.