NEC (OTCMKTS:NIPNF) Shares Gap Down – Here’s What Happened

NEC Co. (OTCMKTS:NIPNF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $32.40, but opened at $31.2581. NEC shares last traded at $31.2581, with a volume of 1,235 shares traded.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein started coverage on shares of NEC in a research note on Tuesday, September 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

NEC Stock Performance

The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 19.06 and a beta of -0.47. The business’s 50 day simple moving average is $30.15 and its 200-day simple moving average is $27.56.

About NEC

NEC Corporation is a Japan-based technology company that provides information technology, communications, and network solutions to governments, businesses, and other organizations. Its offerings include systems integration, cloud and digital services, cybersecurity, data analytics, software, and information and communications technology infrastructure.

The company also develops telecommunications equipment and services, including network platforms, wireless systems, optical and submarine communications networks, and technologies supporting 5G and other advanced communications applications.