NEC (OTCMKTS:NIPNF) Shares Down 5.8% – Here’s Why

NEC Co. (OTCMKTS:NIPNFGet Free Report) dropped 5.8% during mid-day trading on Tuesday . The stock traded as low as $24.75 and last traded at $24.75. Approximately 110 shares were traded during trading, a decline of 100% from the average daily volume of 35,092 shares. The stock had previously closed at $26.2850.

NEC Stock Performance

The stock has a fifty day moving average of $33.83 and a 200 day moving average of $33.68. The company has a market capitalization of $6.21 billion, a P/E ratio of 14.55 and a beta of -0.47.

About NEC

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NEC Corporation, traded as NIPNF on the OTC Markets, is a Tokyo-based multinational technology company founded in 1899 as Nippon Electric Company. Over more than a century of operations, NEC has established itself as a leading provider of information and communications technology (ICT) solutions for both public and private sector clients.

The company’s core business activities span network infrastructure, enterprise IT systems, and software integration. NEC delivers end-to-end solutions in areas such as telecommunications networks, data center platforms, and cybersecurity services.

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