Nordic Semiconductor ASA (OTCMKTS:NDCVF) Stock Falls 1.2% – Here’s Why

Shares of Nordic Semiconductor ASA (OTCMKTS:NDCVF – Get Free Report) traded down 1.2% during mid-day trading on Friday. The company traded as low as $19.26 and last traded at $19.26. Approximately 15,150 shares were traded during mid-day trading, an increase of 193% from the average session volume of 5,166 shares. The stock had previously closed at $19.50.

Nordic Semiconductor ASA Stock Down 1.2%

The company’s 50 day moving average is $17.86 and its 200-day moving average is $18.35.

Nordic Semiconductor ASA Company Profile

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Nordic Semiconductor ASA is a Norwegian fabless semiconductor company that develops integrated circuits and related software for low-power wireless connectivity. Its technology is designed for applications in the Internet of Things (IoT), including consumer electronics, industrial equipment, healthcare devices, smart home products and asset-tracking systems.

The company’s product portfolio includes systems-on-chip and modules supporting Bluetooth Low Energy, cellular IoT, Wi-Fi and other short-range wireless technologies.

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