NN, Inc. (NASDAQ:NNBR – Get Free Report) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.67.
NNBR has been the topic of several recent research reports. Craig Hallum initiated coverage on shares of NN in a research report on Monday, July 20th. They issued a “buy” rating and a $7.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a research note on Thursday, October 15th. Zacks Research upgraded shares of NN from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Wall Street Zen raised shares of NN from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Finally, Lake Street Capital restated a “buy” rating and issued a $7.00 price objective on shares of NN in a research note on Friday, August 7th.
Check Out Our Latest Stock Report on NN
NN Price Performance
NASDAQ NNBR opened at $3.30 on Thursday. NN has a 52 week low of $1.10 and a 52 week high of $4.79. The firm has a market capitalization of $309.34 million, a P/E ratio of -3.44 and a beta of 2.65. The company has a quick ratio of 1.08, a current ratio of 1.79 and a debt-to-equity ratio of 7.70. The company has a 50-day moving average price of $3.64 and a 200-day moving average price of $3.15.
NN (NASDAQ:NNBR – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share for the quarter. The firm had revenue of $128.74 million for the quarter, compared to analysts’ expectations of $116.09 million. NN had a negative net margin of 6.21% and a positive return on equity of 20.38%. Equities research analysts anticipate that NN will post 0.15 earnings per share for the current year.
Hedge Funds Weigh In On NN
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kings Path Partners LLC purchased a new stake in NN in the 3rd quarter worth approximately $157,000. State Street Corp raised its stake in NN by 6.6% during the 2nd quarter. State Street Corp now owns 224,344 shares of the industrial products company’s stock worth $805,000 after acquiring an additional 13,835 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of NN during the 2nd quarter valued at $54,000. AXQ Capital LP purchased a new position in shares of NN in the second quarter valued at about $62,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of NN in the second quarter valued at about $311,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.
NN Company Profile
NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturer that produces highly engineered components and assemblies for customers in the automotive, electrical, industrial, aerospace, and medical markets. Its products are designed for applications that require precision, durability, and consistent performance.
The company’s manufacturing capabilities have included precision machining, metal forming, plastic injection molding, and the production of complex assemblies. NN, Inc has supplied components used in systems such as automotive powertrains, electrical and industrial equipment, medical devices, and other specialized products.
Founded in 1980 as NN Ball & Roller, the company expanded beyond its original bearing-component operations through acquisitions and later adopted the NN, Inc name.
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