NEC (OTCMKTS:NIPNF) Shares Gap Up – Here’s Why

NEC Co. (OTCMKTS:NIPNF) shares gapped up before the market opened on Wednesday. The stock had previously closed at $30.88, but opened at $31.6034. NEC shares last traded at $31.6034, with a volume of 378 shares traded.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein assumed coverage on NEC in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

NEC Price Performance

The firm has a market cap of $8.23 billion, a PE ratio of 19.27 and a beta of -0.47. The firm has a 50-day simple moving average of $30.81 and a 200 day simple moving average of $27.82.

NEC Company Profile

NEC Corporation, formerly known as Nippon Electric Company, is a Japanese information technology and telecommunications company founded in 1899. The company develops and provides technology products, systems and services for businesses, governments and telecommunications providers.

NEC’s activities include information technology services, enterprise software, cloud and digital transformation solutions, telecommunications networks, cybersecurity, biometric identification, data analytics and artificial intelligence.