OnChip Technologies (NASDAQ:ONCH) Stock Price Down 0.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

OnChip Technologies Price Performance

The business has a fifty day moving average price 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.