NN, Inc., a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for general industrial and automotive end markets. This segments products are used in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as use in heating, ventilation, and air conditioning. The Power Solutions segment designs, manufactures, and sells a range of high-precision metal and plastic components, assemblies, and finished devices used in various applications, such as power control, flight control, and military devices. Its products include electrical contacts, connectors, contact assemblies, and precision stampings for the electrical, general industrial, automotive, aerospace, defense, and medical end markets. This segment also produces various tools and instruments for the orthopaedics and medical/surgical end markets. NN, Inc. was founded in 1980 and is headquartered in Charlotte, North Carolina.
NN Stock Performance
Shares of NASDAQ:NNBR remained flat at $2.36 on Thursday. The stock had a trading volume of 146,687 shares, compared to its average volume of 278,954. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.45 and a quick ratio of 1.48. The stock has a market capitalization of $103.57 million, a PE ratio of -4.29 and a beta of 2.70. NN has a 52-week low of $2.11 and a 52-week high of $6.23. The business has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.82.
Insider Buying and Selling
In other NN news, major shareholder Corre Partners Management, Llc bought 20,289 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The shares were bought at an average cost of $2.28 per share, with a total value of $46,258.92. Following the completion of the purchase, the insider now directly owns 4,562,306 shares of the company's stock, valued at $10,402,057.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NN news, CEO Warren A. Veltman bought 50,000 shares of the business's stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average cost of $2.39 per share, with a total value of $119,500.00. Following the completion of the purchase, the chief executive officer now directly owns 476,874 shares of the company's stock, valued at $1,139,728.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Corre Partners Management, Llc bought 20,289 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $46,258.92. Following the completion of the purchase, the insider now directly owns 4,562,306 shares of the company's stock, valued at $10,402,057.68. The disclosure for this purchase can be found here. Insiders have acquired 286,790 shares of company stock valued at $675,611 over the last ninety days. 3.46% of the stock is owned by insiders.