KONGSBERG AUTOMOT Stock Impressive Rise On Tuesday, Outperforms Market

(VIANEWS) – The Market ended the session with KONGSBERG AUTOMOT (KOA.OL) jumping 12.75% to kr1.61 on Tuesday while Oslo Børs Benchmark Index_GI dropped 0.96% to kr1,379.27.

KONGSBERG AUTOMOT’s last close was kr1.43, 40.83% below its 52-week high of kr2.42.

About KONGSBERG AUTOMOT

Kongsberg Automotive ASA develops, manufactures, and sells products to the automotive industry worldwide. The company operates through Powertrain & Chassis and Specialty Products segments. The Powertrain & Chassis segment designs, manufactures, and tests custom-engineered cable controls and shift systems, clutch actuation systems, vehicle dynamics, shift cables, and shift towers for transmissions. The Specialty Products segment offers fluid handling systems; couplings systems for compressed-air circuits in heavy-duty vehicles; and operator control systems for power sports construction, agriculture, outdoor power equipment, and power electronics products. It serves OEMs and Tier 1 suppliers in the automotive, commercial vehicle, passenger car, and off-highway markets. The company was formerly known as Kongsberg Automotive Holding ASA and changed its name to Kongsberg Automotive ASA in August 2014. Kongsberg Automotive ASA was founded in 1957 and is based in Kongsberg, Norway.

Earnings Per Share

As for profitability, KONGSBERG AUTOMOT has a trailing twelve months EPS of kr-0.2.

Return on Equity

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -7.4%.

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