Shares of NN, Inc. (NASDAQ:NNBR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.60 and traded as high as $3.82. NN shares last traded at $3.78, with a volume of 51,698 shares trading hands.
NN Price Performance
The company has a quick ratio of 1.29, a current ratio of 2.04 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $187.52 million, a price-to-earnings ratio of -2.68 and a beta of 2.93. The business's 50 day simple moving average is $3.67 and its 200-day simple moving average is $3.60.
NN (NASDAQ:NNBR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $122.99 million for the quarter, compared to the consensus estimate of $123.59 million. NN had a negative net margin of 8.38% and a negative return on equity of 7.70%. During the same period last year, the company posted ($0.08) EPS. On average, research analysts forecast that NN, Inc. will post -0.16 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of NN by 80.7% during the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company's stock worth $1,928,000 after purchasing an additional 287,060 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in NN in the second quarter valued at approximately $1,032,000. Bank of New York Mellon Corp bought a new stake in shares of NN in the second quarter valued at $429,000. SG Americas Securities LLC purchased a new stake in NN in the 1st quarter worth about $53,000. Finally, Legion Partners Asset Management LLC increased its stake in shares of NN by 11.9% in the second quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company's stock worth $14,376,000 after purchasing an additional 510,000 shares in the last quarter. 53.92% of the stock is owned by institutional investors and hedge funds.
About NN
(
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NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.
Further Reading
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