Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Shares Down 1.1% – Here’s What Happened

Norwegian Air Shuttle ASA (OTCMKTS:NWARF)’s share price dropped 1.1% on Wednesday . The stock traded as low as $1.66 and last traded at $1.75. Approximately 5,465 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 5,955 shares. The stock had previously closed at $1.77.

Analyst Ratings Changes

Separately, Danske downgraded Norwegian Air Shuttle ASA to a “hold” rating in a research report on Tuesday, January 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Norwegian Air Shuttle ASA has a consensus rating of “Hold”.

Norwegian Air Shuttle ASA Price Performance

The firm has a 50-day simple moving average of $1.65 and a two-hundred 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.