(VIANEWS) – Shares of TEKNA HOLDING (Oslo Børs Benchmark Index_GI: TEKNA.OL) jumped 9.43% to kr5.80 at 11:40 EST on Wednesday, after two successive sessions in a row of losses. Oslo Børs Benchmark Index_GI is jumping 0.72% to kr1,168.01, after two sequential sessions in a row of gains. This seems, up until now, a somewhat up trend trading session today.
TEKNA HOLDING’s last close was kr5.30, 73.5% below its 52-week high of kr20.00.
About TEKNA HOLDING
Tekna Holding ASA develops, manufactures, and sells micro and nano powders, and plasma process solutions in North America, Europe, and Asia. Its material powders and plasma systems are used in various industrial sectors, such as aviation, aerospace, medical, mining and drilling, energy storage, and microelectronics; and applications, such as additive manufacturing, metal injection molding, thermal spray, and hot isostatic pressing. The company was founded in 1990 and is headquartered in Sherbrooke, Canada. Tekna Holding ASA is a subsidiary of Arendals Fossekompani ASA.
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 -34.77%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, TEKNA HOLDING’s stock is considered to be overbought (>=80).
Sales Growth
TEKNA HOLDING’s sales growth is 11.5% for the present quarter and 58% for the next.
Moving Average
TEKNA HOLDING’s worth is below its 50-day moving average of kr6.24 and way below its 200-day moving average of kr10.19.
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