Aker Solutions ASA (OTCMKTS:AKRTF) Trading 27.4% Higher – Here’s What Happened

Aker Solutions ASA (OTCMKTS:AKRTF)’s share price shot up 27.4% during mid-day trading on Wednesday . The stock traded as high as $4.00 and last traded at $4.00. 1,500 shares changed hands during mid-day trading, an increase of 105% from the average session volume of 733 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

Separately, Danske lowered shares of Aker Solutions ASA from a “hold” rating to a “sell” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Aker Solutions ASA has an average rating of “Hold”.

Aker Solutions ASA Price Performance

The firm’s 50-day moving average price is $3.13 and its two-hundred day moving average price is $2.98.

About Aker Solutions ASA

Aker Solutions ASA is a Norway‐based engineering and technology company primarily serving the oil and gas industry. The firm specializes in the design, engineering, procurement, construction and commissioning of offshore platforms, topside modules and subsea systems. Its product portfolio includes subsea production systems, umbilicals, risers and flowlines, as well as maintenance and modification services for offshore installations.

In addition to its core oilfield services, Aker Solutions has expanded into energy transition markets.