NEC (OTCMKTS:NIPNF) Shares Gap Up – Should You Buy?

Shares of NEC Co. (OTCMKTS:NIPNF – Get Free Report) gapped up prior to trading 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.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on NEC

NEC Price Performance

The company has a 50 day simple moving average of $30.81 and a 200-day simple moving average of $27.82. The stock has a market cap of $8.23 billion, a P/E ratio of 19.27 and a beta of -0.47.

About NEC

(Get Free Report)

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.

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