Norwegian Air Shuttle ASA (OTCMKTS:NWARF) Trading Down 4.2% – Should You Sell?

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) traded down 4.2% during trading on Tuesday . The company traded as low as $1.61 and last traded at $1.61. 2,125 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 8,731 shares. The stock had previously closed at $1.68.

Norwegian Air Shuttle ASA Price Performance

The firm has a 50-day simple moving average of $1.60 and a two-hundred day simple moving average of $1.57.

About Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA (OTCMKTS:NWARF) is a low-cost airline headquartered near Oslo, Norway. Established in 1993 as an air taxi and charter operator, the company transitioned to a budget carrier model in the early 2000s. Today, Norwegian Air Shuttle is one of the largest airlines in the Nordic region, offering scheduled passenger services that compete on price and efficiency with legacy carriers across Europe.

The airline’s core business centers on short-haul and medium-haul flights, operating a homogeneous fleet of Boeing 737 aircraft designed to optimize turnaround times and minimize operating costs.