Melexis (OTCMKTS:MLXSF) Shares Down 1.9% – Here’s What Happened

Melexis NV (OTCMKTS:MLXSF)’s share price fell 1.9% on Tuesday. The company traded as low as $74.5434 and last traded at $74.5434. 51 shares traded hands during trading, a decline of 96% from the average daily volume of 1,417 shares. The stock had previously closed at $76.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MLXSF. Deutsche Bank Aktiengesellschaft downgraded shares of Melexis to a “hold” rating in a research note on Friday, July 10th. Oddo Bhf lowered shares of Melexis to a “neutral” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Melexis Stock Down 1.9%

The firm has a 50 day simple moving average of $75.97 and a two-hundred day simple moving average of $75.04.

Melexis Company Profile

Melexis NV is a Belgian semiconductor company that develops and supplies microelectronic solutions, with a primary focus on the automotive industry. Its products help vehicles sense, control and communicate information across systems such as powertrains, safety equipment, lighting, comfort features and in-cabin applications.

The company’s portfolio includes magnetic, position, pressure, temperature and current sensors, as well as motor drivers, embedded lighting controllers, transceivers and other integrated circuits.