NN (NASDAQ:NNBR) Shares Pass Above 200 Day Moving Average of $3.47

NN, Inc. (NASDAQ:NNBR - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.47 and traded as high as $4.41. NN shares last traded at $4.29, with a volume of 83,975 shares traded.

Wall Street Analysts Forecast Growth

NNBR has been the subject of a number of recent research reports. TheStreet raised shares of NN from a "d" rating to a "c-" rating in a research note on Wednesday, February 14th. StockNews.com raised shares of NN from a "sell" rating to a "hold" rating in a research note on Wednesday, March 20th.

NN Price Performance

The stock has a market capitalization of $209.55 million, a PE ratio of -3.13 and a beta of 3.02. The company has a current ratio of 2.24, a quick ratio of 1.36 and a debt-to-equity ratio of 1.19. The company's 50 day simple moving average is $4.74 and its 200 day simple moving average is $3.48.

NN (NASDAQ:NNBR - Get Free Report) last released its earnings results on Monday, March 11th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $112.53 million during the quarter, compared to analysts' expectations of $116.00 million. NN had a negative return on equity of 9.19% and a negative net margin of 10.25%. On average, equities analysts anticipate that NN, Inc. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On NN

Hedge funds and other institutional investors have recently modified their holdings of the stock. LPL Financial LLC bought a new stake in shares of NN in the 2nd quarter worth about $28,000. Prudential Financial Inc. bought a new stake in shares of NN in the 2nd quarter worth about $39,000. Barclays PLC increased its position in shares of NN by 703.0% in the 4th quarter. Barclays PLC now owns 17,071 shares of the industrial products company's stock worth $68,000 after purchasing an additional 14,945 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of NN in the 4th quarter worth about $104,000. Finally, Wynnefield Capital Inc. bought a new stake in shares of NN in the 2nd quarter worth about $67,000. Institutional investors own 53.92% of the company's stock.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.