Nordic Semiconductor ASA (OTCMKTS:NDCVF) Trading Down 3.1% – What’s Next?

Nordic Semiconductor ASA (OTCMKTS:NDCVF) shares fell 3.1% during mid-day trading on Wednesday . The company traded as low as $21.7950 and last traded at $21.80. 593 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 5,539 shares. The stock had previously closed at $22.50.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Nordic Semiconductor ASA in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Nordic Semiconductor ASA Stock Down 5.4%

The firm’s 50-day simple moving average is $19.35 and its 200-day simple moving average is $15.78.

About Nordic Semiconductor ASA

Nordic Semiconductor ASA is a Norway-based fabless semiconductor company specializing in ultra-low-power wireless communication solutions for the Internet of Things (IoT). Founded in 1983 and headquartered in Trondheim, the company designs and markets integrated circuits (ICs) and related software for short-range wireless applications. Its portfolio includes SoCs and modules supporting Bluetooth Low Energy, Thread, Zigbee, ANT and proprietary 2.4?GHz protocols, as well as cellular IoT technologies such as LTE-M and NB-IoT.

Nordic’s flagship product families, including the nRF52, nRF53 and nRF54 series, enable battery-powered devices across a wide range of markets.