NN (NASDAQ:NNBR) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• NN, Inc. (NASDAQ: NNBR) has received a "Sell (D-)" rating from Weiss Ratings, suggesting analysts have a negative outlook on its stock performance.
• Despite the negative rating, Zacks Research recently upgraded NN to a "Hold" rating, indicating some analysts see potential for stability.
• As of now, the company has a consensus rating of "Hold" with a price target of $4.00, while currently trading at approximately $1.82.

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

A number of other equities research analysts also recently issued reports on NNBR. Zacks Research raised 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 research report on Thursday, July 31st. They set a "buy" rating and a $4.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.00.

NN Trading Up 1.7%

NASDAQ:NNBR opened at $1.82 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.22 and a debt-to-equity ratio of 2.59. NN has a 12 month low of $1.58 and a 12 month high of $4.67. The company has a market cap of $91.82 million, a PE ratio of -1.61 and a beta of 2.22. The company has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.09.

NN (NASDAQ:NNBR - Get Free Report) last posted its earnings results on Wednesday, June 12th. The industrial products company reported ($0.12) EPS for the quarter. NN had a negative return on equity of 5.29% and a negative net margin of 8.84%.The company had revenue of $127.09 million during the quarter. Research analysts forecast that NN will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Catalyst Funds Management Pty Ltd purchased a new position in shares of NN during the 2nd quarter valued at $27,000. Hudson Bay Capital Management LP purchased a new position in shares of NN during the 2nd quarter valued at $29,000. Bailard Inc. purchased a new position in shares of NN during the 1st quarter valued at $39,000. Quadrature Capital Ltd purchased a new position in shares of NN during the 2nd quarter valued at $40,000. Finally, Bank of Montreal Can purchased a new position in shares of NN during the 2nd quarter valued at $105,000. Hedge funds and other institutional investors own 53.92% of the company's stock.

About NN

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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