Nordic Semiconductor ASA (OTCMKTS:NDCVF) Shares Down 4.2% – Here’s Why

Shares of Nordic Semiconductor ASA (OTCMKTS:NDCVF – Get Free Report) traded down 4.2% during trading on Thursday. The stock traded as low as $18.45 and last traded at $18.45. 112 shares were traded during mid-day trading, a decline of 98% from the average session volume of 5,009 shares. The stock had previously closed at $19.25.

Nordic Semiconductor ASA Price Performance

The stock’s 50 day simple moving average is $18.56 and its two-hundred day simple moving average is $17.64.

Nordic Semiconductor ASA Company Profile

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Nordic Semiconductor ASA is a Norwegian fabless semiconductor company that develops wireless connectivity solutions for low-power Internet of Things (IoT) applications. Its technology is used in products such as wearables, connected medical devices, smart-home equipment, industrial sensors, asset-tracking systems and other consumer and commercial electronics.

The company’s product portfolio includes Bluetooth Low Energy system-on-chips and systems-in-package, cellular IoT solutions supporting LTE-M and NB-IoT, and Wi-Fi connectivity products.

Further Reading

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