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

Key Points

• Intraday price action: NNBR briefly crossed above its 200-day moving average (200‑DMA $1.55), trading as high as $1.6894, though the last reported trade was $1.47 on volume of 277,095 shares.
• Analyst view is mixed-to-negative: the consensus rating is "Reduce" with a $3.00 consensus price target; one analyst rates it a Buy while two rate it a Sell, including recent notes from B. Riley (cut PT to $3) and Zacks (downgraded to "strong sell").
• Financial and ownership risks: NNBR is a small-cap ($73.8M) with a high debt-to-equity ratio (4.52) and negative P/E, yet institutions own about 53.9% of the stock and several funds recently increased stakes.

NN, Inc. (NASDAQ:NNBR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.55 and traded as high as $1.6894. NN shares last traded at $1.47, with a volume of 277,095 shares changing hands.

Analyst Upgrades and Downgrades

NNBR has been the subject of several recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of NN in a report on Thursday, January 22nd. B. Riley Financial reduced their price objective on shares of NN from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Finally, Zacks Research lowered shares of NN from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $3.00.

NN Trading Up 2.8%

The company has a current ratio of 1.83, a quick ratio of 1.09 and a debt-to-equity ratio of 4.52. The company has a market capitalization of $73.78 million, a P/E ratio of -1.37, a PEG ratio of 0.29 and a beta of 2.21. The business has a 50 day moving average price of $1.52 and a 200 day moving average price of $1.55.

Institutional Trading of NN

A number of large investors have recently bought and sold shares of the business. Nantahala Capital Management LLC grew its stake in shares of NN by 69.4% during the 2nd quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company's stock worth $5,127,000 after acquiring an additional 1,000,000 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in NN by 21.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company's stock worth $5,792,000 after buying an additional 483,952 shares in the last quarter. RBF Capital LLC bought a new stake in NN during the 2nd quarter worth about $601,000. UBS Group AG lifted its position in NN by 15,147.1% during the 3rd quarter. UBS Group AG now owns 279,632 shares of the industrial products company's stock worth $576,000 after buying an additional 277,798 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of NN by 291.0% in the 4th quarter. Renaissance Technologies LLC now owns 367,500 shares of the industrial products company's stock valued at $470,000 after buying an additional 273,500 shares during the last quarter. 53.92% of the stock is owned by institutional investors.

NN Company Profile

NN, Inc NASDAQ: NNBR is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company's operations are organized into three business segments.

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