NEC (OTCMKTS:NIPNF) Shares Gap Up – Here’s What Happened

NEC Co. (OTCMKTS:NIPNF)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $29.26, but opened at $30.90. NEC shares last traded at $30.90, with a volume of 190 shares changing hands.

Analysts Set New Price Targets

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

NEC Stock Performance

The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 18.84 and a beta of -0.47. The business has a fifty day moving average price of $31.49 and a 200 day moving average price of $28.82.

NEC Company Profile

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.