Melexis (OTCMKTS:MLXSF) Shares Down 20.5% – Time to Sell?

Melexis NV (OTCMKTS:MLXSFGet Free Report) shares fell 20.5% during trading on Tuesday . The company traded as low as $59.00 and last traded at $59.00. 1,400 shares changed hands during mid-day trading, an increase of 833% from the average session volume of 150 shares. The stock had previously closed at $74.25.

Melexis Price Performance

The firm has a 50 day moving average of $59.62 and a two-hundred day moving average of $79.87.

Melexis Company Profile

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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.

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