NEC (OTCMKTS:NIPNF) Shares Pass Below 200 Day Moving Average - Here's Why

Key Points

• NEC Corporation's share price has fallen below its 200-day moving average of $38.11, trading as low as $28.25.
• The stock is also performing below its 50-day moving average of $29.46, indicating a continued decline.
• NEC provides a range of information and communication technology solutions through various business segments, including public solutions and enterprise services.

NEC Co. (OTCMKTS:NIPNF - )'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $38.11 and traded as low as $28.25. NEC shares last traded at $28.25, with a volume of 565 shares trading hands.

NEC Stock Performance

The stock's 50-day moving average price is $29.46 and its two-hundred day moving average price is $38.11.

NEC Company Profile

NEC Corporation provides information and communication technology solutions in Japan and internationally. It operates through five segments: Public Solutions Business, Public Infrastructure Business, Enterprise Business, Network Services Business, and Global Business. It provides systems integration services, including systems implementation and consulting; maintenance and support services; outsourcing and cloud services; and system equipment.

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