Nordic Semiconductor ASA (OTC:NRSDY) Stock Price Up 9.2% – Still a Buy?

Nordic Semiconductor ASA (OTC:NRSDY)’s share price rose 9.2% during mid-day trading on Tuesday . The stock traded as high as $13.82 and last traded at $13.82. Approximately 122 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 829 shares. The stock had previously closed at $12.65.

Nordic Semiconductor ASA Stock Performance

The company has a 50 day simple moving average of $13.02 and a two-hundred day simple moving average of $14.27.

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.