Shares of NEC Co. (OTCMKTS:NIPNF – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $32.2150, but opened at $29.26. NEC shares last traded at $29.26, with a volume of 223 shares.
Analysts Set New Price Targets
Separately, Sanford C. Bernstein initiated coverage on shares of NEC in a research report on Tuesday, September 15th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Analysis on NEC
NEC Stock Down 9.2%
The business’s 50 day simple moving average is $31.54 and its 200 day simple moving average is $28.90. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 17.84 and a beta of -0.47.
About NEC
NEC Corporation is a Japanese technology company that provides information technology, communications, and digital transformation solutions to businesses, governments, and other organizations. The company’s offerings span enterprise software and services, systems integration, cloud computing, cybersecurity, consulting, and data analytics.
NEC also develops communications infrastructure and network technologies, including solutions for telecommunications operators and enterprise customers.
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