NEC (OTCMKTS:NIPNF) Trading Down 6.4% – Here’s What Happened
by Jessica Moore · The Cerbat GemNEC Co. (OTCMKTS:NIPNF – Get Free Report) shares were down 6.4% during mid-day trading on Wednesday . The company traded as low as $32.0160 and last traded at $32.0160. Approximately 630 shares changed hands during trading, a decline of 94% from the average daily volume of 10,470 shares. The stock had previously closed at $34.21.
NEC Price Performance
The firm’s 50-day moving average price is $36.31 and its 200 day moving average price is $32.24. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 19.52 and a beta of -0.47.
About NEC
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.