OnChip Technologies (NASDAQ:ONCH) Trading Down 0.1% – Should You Sell?

OnChip Technologies, Inc. (NASDAQ:ONCH)’s stock price fell 0.1% during trading on Tuesday . The company traded as low as $10.18 and last traded at $10.20. 51,606 shares were traded during mid-day trading, an increase of 104% from the average session volume of 25,325 shares. The stock had previously closed at $10.21.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of OnChip Technologies in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

OnChip Technologies Price Performance

The firm has a 50 day simple moving average of $10.26.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.