NN, Inc. (NASDAQ:NNBR – Get Free Report) Director Raymond White sold 18,782 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $2.41, for a total value of $45,264.62. Following the sale, the director directly owned 858,283 shares of the company’s stock, valued at $2,068,462.03. This represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NN Stock Performance
Shares of NASDAQ:NNBR traded up $0.07 on Thursday, hitting $2.33. The company had a trading volume of 787,028 shares, compared to its average volume of 733,863. NN, Inc. has a 1-year low of $1.10 and a 1-year high of $2.99. The stock has a market cap of $122.95 million, a price-to-earnings ratio of -2.14, a P/E/G ratio of 0.44 and a beta of 2.54. The stock has a 50 day moving average price of $1.82 and a 200 day moving average price of $1.58. The company has a current ratio of 1.87, a quick ratio of 1.16 and a debt-to-equity ratio of 6.39.
NN (NASDAQ:NNBR – Get Free Report) last posted its earnings results on Wednesday, May 6th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The company had revenue of $118.45 million during the quarter, compared to analysts’ expectations of $106.59 million. NN had a negative net margin of 7.85% and a positive return on equity of 4.54%. Analysts expect that NN, Inc. will post 0.12 EPS for the current year.
Institutional Investors Weigh In On NN
Wall Street Analyst Weigh In
NNBR has been the subject of a number of research analyst reports. Zacks Research upgraded NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “sell (d-)” rating on shares of NN in a research note on Tuesday, April 21st. Finally, B. Riley Financial cut NN from a “buy” rating to a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.00.
View Our Latest Research Report on NNBR
NN Company Profile
NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.
The company’s operations are organized into three business segments.
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