Nordic Semiconductor ASA (OTCMKTS:NDCVF) Stock Price Down 1.3% – Should You Sell?

Nordic Semiconductor ASA (OTCMKTS:NDCVF)’s share price fell 1.3% during mid-day trading on Monday . The stock traded as low as $12.54 and last traded at $12.8450. 10,300 shares were traded during mid-day trading, an increase of 246% from the average session volume of 2,974 shares. The stock had previously closed at $13.0099.

Wall Street Analysts Forecast Growth

Separately, Barclays reaffirmed a “cautious” rating on shares of Nordic Semiconductor ASA in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Nordic Semiconductor ASA presently has a consensus rating of “Sell”.

Nordic Semiconductor ASA Trading Down 1.3%

The firm has a fifty day simple moving average of $14.20 and a 200 day simple moving average of $14.39.

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.