NN (NASDAQ:NNBR) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• NN (NASDAQ:NNBR) has been reissued a "Sell (D-)" rating by Weiss Ratings, indicating ongoing concerns about the company's stock performance.
• Recent analysis shows a consensus rating of "Hold" with an average target price of $4.00, though opinions among analysts vary with one rating it a Strong Buy and another a Sell.
• NN reported a net margin of -8.84% and a revenue of $107.92 million in its last quarterly earnings, which fell short of analysts' expectations.

NN (NASDAQ:NNBR - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on NNBR. Zacks Research upgraded shares of NN to a "hold" rating in a research report on Friday, September 12th. B. Riley initiated coverage on shares of NN in a report on Thursday, July 31st. They set a "buy" rating and a $4.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $4.00.

NN Stock Performance

NASDAQ:NNBR opened at $1.92 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.22 and a debt-to-equity ratio of 2.59. The firm has a 50 day moving average of $2.27 and a 200-day moving average of $2.13. NN has a 1 year low of $1.58 and a 1 year high of $4.67. The stock has a market capitalization of $96.86 million, a P/E ratio of -1.70 and a beta of 2.22.

NN (NASDAQ:NNBR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. NN had a negative net margin of 8.84% and a negative return on equity of 5.29%. The firm had revenue of $107.92 million during the quarter, compared to analysts' expectations of $110.45 million. As a group, sell-side analysts anticipate that NN will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On NN

Several institutional investors have recently added to or reduced their stakes in the stock. Catalyst Funds Management Pty Ltd acquired a new position in NN in the 2nd quarter worth $27,000. Hudson Bay Capital Management LP acquired a new position in NN in the 2nd quarter worth $29,000. Bailard Inc. acquired a new position in NN in the 1st quarter worth $39,000. Quadrature Capital Ltd acquired a new position in NN in the 2nd quarter worth $40,000. Finally, Bank of Montreal Can acquired a new position in NN in the 2nd quarter worth $105,000. 53.92% of the stock is owned by institutional investors.

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.

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