NN, Inc. (NASDAQ:NNBR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.25 and traded as high as $2.47. NN shares last traded at $2.44, with a volume of 47,037 shares traded.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on NNBR. Wall Street Zen raised shares of NN from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley began coverage on shares of NN in a research note on Thursday, July 31st. They issued a "buy" rating and a $4.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average price target of $4.00.
Check Out Our Latest Stock Report on NN
NN Stock Up 4.5%
The company has a market capitalization of $129.66 million, a PE ratio of -2.27 and a beta of 2.16. The company's 50 day moving average is $2.19 and its two-hundred day moving average is $2.23. The company has a quick ratio of 1.22, a current ratio of 1.93 and a debt-to-equity ratio of 2.59.
NN (NASDAQ:NNBR - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $107.92 million during the quarter, compared to analysts' expectations of $110.45 million. NN had a negative net margin of 8.84% and a negative return on equity of 5.29%. On average, analysts anticipate that NN, Inc. will post -0.2 earnings per share for the current year.
Hedge Funds Weigh In On NN
Several institutional investors have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY grew its stake in NN by 21.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company's stock valued at $5,792,000 after acquiring an additional 483,952 shares in the last quarter. Nantahala Capital Management LLC grew its stake in shares of NN by 69.4% in 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 buying an additional 1,000,000 shares in the last quarter. Register Financial Advisors LLC grew its stake in shares of NN by 0.5% in 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 buying an additional 6,243 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NN by 15.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 783,033 shares of the industrial products company's stock worth $2,561,000 after buying an additional 106,518 shares in the last quarter. Finally, De Lisle Partners LLP grew its stake in shares of NN by 21.5% in the 1st quarter. De Lisle Partners LLP now owns 410,228 shares of the industrial products company's stock worth $929,000 after buying an additional 72,633 shares in the last quarter. 53.92% of the stock is owned by hedge funds and other institutional investors.
About NN
(
Get Free Report)
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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