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 Price Performance
NASDAQ:NNBR opened at $2.35 on Tuesday. NN has a 12 month low of $2.11 and a 12 month high of $6.13. The stock has a market cap of $103.13 million, a price-to-earnings ratio of -4.27 and a beta of 2.70. The company's 50 day moving average is $2.69 and its two-hundred day moving average is $2.78. The company has a current ratio of 2.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73.
Insiders Place Their Bets
In related news, major shareholder Corre Partners Management, Llc acquired 20,289 shares of the business's stock in a transaction on Tuesday, July 5th. The stock was acquired at an average cost of $2.28 per share, with a total value of $46,258.92. Following the acquisition, the insider now directly owns 4,562,306 shares in the company, valued at approximately $10,402,057.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 101,689 shares of company stock worth $239,125. Company insiders own 3.46% of the company's stock.