NEC Co. (OTCMKTS:NIPNF – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $30.94 and traded as high as $32.53. NEC shares last traded at $32.53, with a volume of 233 shares traded.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein assumed coverage on NEC in a report on Tuesday, September 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.
Read Our Latest Research Report on NEC
NEC Stock Performance
The stock has a market cap of $8.47 billion, a PE ratio of 19.84 and a beta of -0.47. The business has a 50-day moving average of $30.95 and a 200 day moving average of $28.09.
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.
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