Kongsberg Gruppen ASA (OTCMKTS:NSKFF) Trading Up 12.4% – Here’s Why

Kongsberg Gruppen ASA (OTCMKTS:NSKFF)’s share price traded up 12.4% during trading on Wednesday . The stock traded as high as $121.00 and last traded at $121.00. 450 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 625 shares. The stock had previously closed at $107.68.

Kongsberg Gruppen ASA Stock Up 12.4 %

The stock has a 50-day simple moving average of $111.59 and a 200 day simple moving average of $105.64.

About Kongsberg Gruppen ASA

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.