NEC (OTCMKTS:NIPNF) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of NEC Co. (OTCMKTS:NIPNFGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.68 and traded as low as $25.89. NEC shares last traded at $26.04, with a volume of 18,307 shares trading hands.

NEC Stock Down 2.7%

The company’s 50 day moving average price is $26.48 and its 200-day moving average price is $31.68. The stock has a market cap of $6.78 billion, a P/E ratio of 15.88 and a beta of -0.47.

About NEC

(Get Free Report)

NEC Corporation, traded as NIPNF on the OTC Markets, is a Tokyo-based multinational technology company founded in 1899 as Nippon Electric Company. Over more than a century of operations, NEC has established itself as a leading provider of information and communications technology (ICT) solutions for both public and private sector clients.

The company’s core business activities span network infrastructure, enterprise IT systems, and software integration. NEC delivers end-to-end solutions in areas such as telecommunications networks, data center platforms, and cybersecurity services.

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