Melexis (OTCMKTS:MLXSF) Stock Price Down 1.9% – Here’s What Happened

Shares of Melexis NV (OTCMKTS:MLXSF) dropped 1.9% on Tuesday. The stock traded as low as $74.5434 and last traded at $74.5434. 51 shares changed hands during trading, a decline of 96% from the average session volume of 1,417 shares. The stock had previously closed at $76.00.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MLXSF shares. Oddo Bhf downgraded Melexis to a “neutral” rating in a report on Monday, August 10th. Deutsche Bank Aktiengesellschaft lowered Melexis to a “hold” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Hold rating. According to MarketBeat, Melexis currently has a consensus rating of “Hold”.

Melexis Stock Performance

The company’s 50-day moving average price is $75.94 and its 200-day moving average price is $75.10.

About Melexis

Melexis NV is a Belgian semiconductor company that develops and supplies microelectronic solutions, with a primary focus on the automotive industry. Its products help vehicles sense, control and communicate information across systems such as powertrains, safety equipment, lighting, comfort features and in-cabin applications.

The company’s portfolio includes magnetic, position, pressure, temperature and current sensors, as well as motor drivers, embedded lighting controllers, transceivers and other integrated circuits.