OnChip Technologies (NASDAQ:ONCH) Stock Price Down 0.3% – What’s Next?

OnChip Technologies, Inc. (NASDAQ:ONCH)’s stock price traded down 0.3% on Thursday . The company traded as low as $10.18 and last traded at $10.19. 44,036 shares changed hands during trading, a decline of 35% from the average session volume of 67,656 shares. The stock had previously closed at $10.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of OnChip Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

OnChip Technologies Stock Up 0.2%

The firm has a fifty day simple moving average of $10.23.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.