NEC Co. (OTCMKTS:NIPNF – Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.63 and traded as low as $27.4450. NEC shares last traded at $27.5840, with a volume of 406 shares traded.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein started coverage on shares of NEC in a research note 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 data from MarketBeat.com, NEC currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on NEC
NEC Trading Down 6.5%
The company has a market capitalization of $7.18 billion, a PE ratio of 16.82 and a beta of -0.47. The business’s fifty day moving average is $31.53 and its two-hundred day moving average is $28.63.
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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