u-blox (OTCMKTS:UBLXF) Shares Down 4.8%

u-blox Holding AG (OTCMKTS:UBLXF) shares were down 4.8% during mid-day trading on Thursday . The company traded as low as $85.50 and last traded at $85.50. Approximately 1,000 shares traded hands during mid-day trading, an increase of 400% from the average daily volume of 200 shares. The stock had previously closed at $89.78.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised shares of u-blox from a “sell” rating to a “neutral” rating in a report on Monday, August 21st.

u-blox Stock Down 4.8 %

The business’s fifty day moving average is $103.81 and its 200-day moving average is $117.25.

About u-blox

u-blox Holding AG develops, manufactures, and markets products and services supporting GPS/GNSS satellite positioning systems for the automotive, industrial, and consumer markets worldwide. It operates in two segments, Positioning and Wireless Products, and Wireless Services. The Positioning and Wireless Products segment develops and sells chips and modules designed for positioning and wireless connectivity.