NN (NASDAQ:NNBR) Shares Cross Above 200-Day Moving Average - Should You Sell?

Shares of NN, Inc. (NASDAQ:NNBR - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.18 and traded as high as $2.41. NN shares last traded at $2.31, with a volume of 46,705 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on NNBR. Wall Street Zen upgraded shares of NN from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Zacks Research upgraded shares of NN to a "hold" rating in a research note on Friday, September 12th. Finally, B. Riley began coverage on shares of NN in a research note on Thursday, July 31st. They set a "buy" rating and a $4.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $4.00.

NN Trading Down 1.7%

The company has a debt-to-equity ratio of 2.59, a current ratio of 1.93 and a quick ratio of 1.22. The firm has a market capitalization of $116.54 million, a PE ratio of -2.04 and a beta of 2.17. The business's 50-day moving average price is $2.26 and its 200-day moving average price is $2.18.

NN (NASDAQ:NNBR - Get Free Report) last announced its earnings results on Wednesday, August 6th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $107.92 million for the quarter, compared to analyst estimates of $110.45 million. As a group, analysts expect that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NN

Several hedge funds have recently modified their holdings of NNBR. Northern Trust Corp lifted its holdings in shares of NN by 5.2% during the fourth quarter. Northern Trust Corp now owns 372,945 shares of the industrial products company's stock worth $1,220,000 after purchasing an additional 18,492 shares during the period. Bank of America Corp DE boosted its position in shares of NN by 53.6% during the 4th quarter. Bank of America Corp DE now owns 40,124 shares of the industrial products company's stock worth $131,000 after purchasing an additional 14,002 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of NN during the 4th quarter worth $43,000. Paradigm Capital Management Inc. NY boosted its position in shares of NN by 139.4% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 1,856,200 shares of the industrial products company's stock worth $6,070,000 after purchasing an additional 1,080,755 shares in the last quarter. Finally, Register Financial Advisors LLC boosted its position in shares of NN by 0.5% during the 1st quarter. Register Financial Advisors LLC now owns 1,249,380 shares of the industrial products company's stock worth $2,824,000 after purchasing an additional 6,243 shares in the last quarter. 53.92% of the stock is owned by institutional investors and hedge funds.

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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