Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Shares Down 8.2% – Should You Sell?

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) shares were down 8.2% during trading on Tuesday . The stock traded as low as $1.51 and last traded at $1.51. Approximately 4,810 shares were traded during trading, an increase of 32% from the average daily volume of 3,643 shares. The stock had previously closed at $1.6450.

Analyst Upgrades and Downgrades

Separately, Danske downgraded shares of Norwegian Air Shuttle ASA to a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Norwegian Air Shuttle ASA currently has an average rating of “Hold”.

Norwegian Air Shuttle ASA Price Performance

The business has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $1.61.

Norwegian Air Shuttle ASA Company Profile

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) is a low-cost airline headquartered near Oslo, Norway. Established in 1993 as an air taxi and charter operator, the company transitioned to a budget carrier model in the early 2000s. Today, Norwegian Air Shuttle is one of the largest airlines in the Nordic region, offering scheduled passenger services that compete on price and efficiency with legacy carriers across Europe.

The airline’s core business centers on short-haul and medium-haul flights, operating a homogeneous fleet of Boeing 737 aircraft designed to optimize turnaround times and minimize operating costs.