Nordic Semiconductor ASA (OTCMKTS:NDCVF) Stock Price Down 3.4% – Here’s Why

Nordic Semiconductor ASA (OTCMKTS:NDCVF) shares traded down 3.4% on Friday . The stock traded as low as $12.56 and last traded at $12.56. 611 shares traded hands during trading, a decline of 77% from the average session volume of 2,601 shares. The stock had previously closed at $13.00.

Wall Street Analyst Weigh In

Separately, Barclays reiterated a “cautious” rating on shares of Nordic Semiconductor ASA in a report on Tuesday, September 16th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Nordic Semiconductor ASA presently has an average rating of “Sell”.

Nordic Semiconductor ASA Price Performance

The stock’s fifty day moving average price is $15.09 and its two-hundred day moving average price is $14.22.

About Nordic Semiconductor ASA

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.