NN (NNBR) Hits New 1-Year High and Low at $20.95

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.

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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.

NN (NASDAQ:NNBR) last issued its earnings results on Thursday, March 8th. The industrial products company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The firm had revenue of $156.14 million during the quarter, compared to analysts’ expectations of $154.67 million. NN had a net margin of 4.87% and a return on equity of 10.98%. NN’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. analysts expect that NN, Inc. will post 1.43 earnings per share for the current fiscal year.

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.

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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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