NN, Inc. (NASDAQ:NNBR - Get Free Report) crossed 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.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NNBR. B. Riley began coverage on NN in a research note on Thursday, July 31st. They set a "buy" rating and a $4.00 target price for the company. Wall Street Zen upgraded NN from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and an average price target of $4.00.
Check Out Our Latest Research Report on NN
NN Price Performance
The stock has a market capitalization of $129.66 million, a price-to-earnings ratio of -2.27 and a beta of 2.03. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.22 and a current ratio of 1.93. The company has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.25.
NN (NASDAQ:NNBR - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $107.92 million during the quarter, compared to analysts' expectations of $110.45 million. NN had a negative return on equity of 5.29% and a negative net margin of 8.84%. As a group, equities research analysts expect that NN, Inc. will post -0.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NN
A number of institutional investors have recently modified their holdings of NNBR. Catalyst Funds Management Pty Ltd acquired a new position in shares of NN during the 2nd quarter worth $27,000. Hudson Bay Capital Management LP acquired a new position in shares of NN during the 2nd quarter worth $29,000. Bailard Inc. acquired a new position in shares of NN during the 1st quarter worth $39,000. Quadrature Capital Ltd bought a new stake in NN during the 2nd quarter worth $40,000. Finally, ProShare Advisors LLC bought a new stake in NN during the 4th quarter worth $43,000. Institutional investors and hedge funds own 53.92% of the company's stock.
About NN
(
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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.
Further Reading
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