Melexis (OTCMKTS:MLXSF) Trading Down 23% – Should You Sell?

Melexis NV (OTCMKTS:MLXSF) shares traded down 23% during trading on Friday . The stock traded as low as $57.20 and last traded at $57.20. 100 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 150 shares. The stock had previously closed at $74.25.

Melexis Trading Down 23.0 %

The firm has a fifty day moving average of $74.25 and a two-hundred day moving average of $96.24.

Melexis Company Profile

Melexis NV designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle-East, Africa, the Asia Pacific, and North and Latin America. The company provides magnetic position, current, latch and switch, inductive position, speed, pressure, tire monitoring, temperature, and optical sensors ICs and time-of-flight; embedded motor, smart, fan and pump, smart LED, and pre-driver ICs; embedded lighting; and LIN transceiver, CAN transceiver, and RFID transceivers.