OnChip Technologies (NASDAQ:ONCH) Trading Down 0.2% – Here’s What Happened

OnChip Technologies, Inc. (NASDAQ:ONCH) dropped 0.2% on Friday . The company traded as low as $10.21 and last traded at $10.21. Approximately 12,318 shares were traded during trading, a decline of 83% from the average daily volume of 73,641 shares. The stock had previously closed at $10.23.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OnChip Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

OnChip Technologies Price Performance

The firm has a fifty day moving average price of $10.21.

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.