Shares of NN, Inc. (NASDAQ:NNBR) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.00.
Several equities research analysts have issued reports on the company. BidaskClub downgraded NN from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine downgraded NN from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, Zacks Investment Research downgraded NN from a “buy” rating to a “hold” rating in a report on Saturday, July 27th.
In other news, EVP James Robert Atkinson acquired 3,000 shares of NN stock in a transaction dated Wednesday, June 19th. The stock was bought at an average cost of $8.65 per share, with a total value of $25,950.00. Following the completion of the transaction, the executive vice president now directly owns 21,550 shares of the company’s stock, valued at $186,407.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Floyd acquired 9,000 shares of NN stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $8.05 per share, with a total value of $72,450.00. Following the completion of the transaction, the director now directly owns 23,660 shares of the company’s stock, valued at $190,463. The disclosure for this purchase can be found here. 2.48% of the stock is owned by corporate insiders.
Shares of NN stock traded down $0.28 during trading hours on Wednesday, hitting $6.45. The company’s stock had a trading volume of 198,544 shares, compared to its average volume of 333,297. NN has a 12 month low of $5.55 and a 12 month high of $22.10. The stock has a 50 day simple moving average of $8.59. The company has a market capitalization of $305.04 million, a P/E ratio of 5.51 and a beta of 1.61. The company has a quick ratio of 1.12, a current ratio of 1.90 and a debt-to-equity ratio of 2.26.
NN (NASDAQ:NNBR) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. NN had a positive return on equity of 7.79% and a negative net margin of 34.01%. The company had revenue of $213.26 million during the quarter, compared to the consensus estimate of $209.86 million. As a group, research analysts anticipate that NN will post 1.16 earnings per share for the current fiscal year.
NN Company Profile
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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