NEC (OTCMKTS:NIPNF) Shares Gap Up – Still a Buy?

NEC Co. (OTCMKTS:NIPNF)’s share price gapped up before the market opened on Monday. The stock had previously closed at $28.40, but opened at $30.0750. NEC shares last traded at $30.0750, with a volume of 213 shares.

Analyst Upgrades and Downgrades

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

NEC Stock Performance

The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 18.34 and a beta of -0.47. The stock has a 50-day moving average price of $30.40 and a two-hundred day moving average price of $27.69.

About NEC

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.