NEC Co. (OTCMKTS:NIPNF – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $30.90, but opened at $27.4450. NEC shares last traded at $27.4450, with a volume of 129 shares traded.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein began coverage on NEC in a research report on Tuesday, September 15th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, NEC has an average rating of “Buy”.
Get Our Latest Analysis on NEC
NEC Stock Down 7.0%
The company has a market cap of $7.15 billion, a price-to-earnings ratio of 16.73 and a beta of -0.47. The stock’s 50-day simple moving average is $31.59 and its 200 day simple moving average is $28.68.
About NEC
NEC Corporation is a Japanese technology company that provides information technology and network solutions to businesses, governments and telecommunications providers. Its services include systems integration, cloud computing, cybersecurity and digital transformation support.
The company also develops and supplies social infrastructure, including communications networks, public safety systems, aerospace and defense technologies, and solutions for government and transportation customers.
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