Nordic Semiconductor ASA (OTC:NRSDY) Trading 24.3% Higher – Here’s Why

Shares of Nordic Semiconductor ASA (OTC:NRSDY) traded up 24.3% on Wednesday . The stock traded as high as $15.97 and last traded at $15.97. 2,391 shares were traded during mid-day trading, an increase of 157% from the average session volume of 930 shares. The stock had previously closed at $12.85.

Nordic Semiconductor ASA Price Performance

The firm’s fifty day moving average price is $12.82 and its 200 day moving average price is $14.20.

Nordic Semiconductor ASA Company Profile

Nordic Semiconductor ASA, a fabless semiconductor company, designs, sells, and delivers integrated circuits (ICs) and related products and services for use in short- and long- range wireless applications in Europe, the Americas, and the Asia Pacific. The company offers cellular IoT solutions comprising NB-IoT and LTE-M; Wi-Fi solution; Bluetooth Low Energy Systems-on-Chip (SoCs); Bluetooth LE audio products; Bluetooth mesh; Bluetooth direction finding solution; DECT NR+, a non-cellular radio standard; Thread, an IP-based wireless networking protocol solution; Zigbee products; ANT solutions, including wireless multiprotocol SoCs supporting the ANT wireless protocol; nRF52 and nRF51 wireless SoCs; and range extenders.