Kongsberg Gruppen ASA (NSKFF) Expected to Post Earnings on Thursday

Kongsberg Gruppen ASA (OTCMKTS:NSKFF) is expected to be posting its results before the market opens on Thursday, October 29th. Analysts expect the company to announce earnings of $0.1686 per share and revenue of $1.07 billion for the quarter.

Kongsberg Gruppen ASA Stock Down 3.0%

Shares of OTCMKTS:NSKFF opened at $33.41 on Tuesday. The firm’s 50 day simple moving average is $33.09 and its 200-day simple moving average is $34.80. Kongsberg Gruppen ASA has a one year low of $22.39 and a one year high of $45.00.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on NSKFF shares. Morgan Stanley lowered Kongsberg Gruppen ASA from a “mixed” rating to an “underweight” rating in a report on Tuesday, July 7th. Barclays started coverage on Kongsberg Gruppen ASA in a report on Monday, August 10th. They set an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kongsberg Gruppen ASA presently has an average rating of “Hold”.

About Kongsberg Gruppen ASA

Kongsberg Gruppen ASA is a Norway-based technology company headquartered in Kongsberg. Its roots date to 1814, when Kongsberg Våpenfabrikk was established to manufacture military equipment. The modern Kongsberg Group was formed in 1987 following the restructuring of the former state-owned industrial company and has since developed into an international provider of technology for defense, maritime, energy, and industrial markets.

Through Kongsberg Defence & Aerospace, the company develops defense systems including missiles, remote weapon stations, command-and-control solutions, surveillance technologies, and space-related products.