NN, Inc. (NASDAQ:NNBR)’s share price hit a new 52-week high and low during trading on Tuesday . The company traded as low as $20.95 and last traded at $21.20, with a volume of 145944 shares. The stock had previously closed at $21.80.
NNBR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Friday, January 12th. BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 27th. ValuEngine upgraded shares of NN from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus cut their price objective on shares of NN from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, March 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. NN presently has a consensus rating of “Hold” and an average target price of $32.25.
The stock has a market cap of $580.56, a P/E ratio of 13.52 and a beta of 0.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 4.40 and a quick ratio of 3.64.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new stake in NN in the fourth quarter valued at approximately $350,000. Gotham Asset Management LLC purchased a new stake in NN in the 4th quarter worth approximately $395,000. Millennium Management LLC purchased a new stake in NN in the 4th quarter worth approximately $610,000. Earnest Partners LLC purchased a new stake in NN in the 4th quarter worth approximately $135,000. Finally, Goldman Sachs Group Inc. boosted its position in NN by 98.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 33,338 shares of the industrial products company’s stock worth $920,000 after purchasing an additional 16,545 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.
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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