Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Stock Price Up 11.5% – Here’s Why

Kongsberg Gruppen ASA (OTCMKTS:NSKFFGet Free Report)’s share price rose 11.5% during mid-day trading on Thursday . The stock traded as high as $121.85 and last traded at $121.85. Approximately 400 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 455 shares. The stock had previously closed at $109.25.

Kongsberg Gruppen ASA Price Performance

The company’s fifty day moving average price is $109.96 and its 200-day moving average price is $106.68.

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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