NN (NASDAQ:NNBR - Get Free Report) announced its earnings results on Wednesday. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04, Zacks reports. The business had revenue of $106.51 million for the quarter, compared to analyst estimates of $108.60 million. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. NN updated its FY 2025 guidance to EPS.
NN Stock Performance
NN stock traded up $0.13 during midday trading on Friday, hitting $2.72. 161,094 shares of the company's stock were exchanged, compared to its average volume of 830,902. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96. The stock has a market cap of $135.85 million, a price-to-earnings ratio of -2.50, a price-to-earnings-growth ratio of 2.01 and a beta of 3.07. NN has a 12-month low of $2.38 and a 12-month high of $5.20. The firm's 50 day simple moving average is $3.01 and its 200 day simple moving average is $3.52.
Insider Activity
In other NN news, major shareholder Corre Partners Management, Llc sold 427,630 shares of NN stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total value of $1,654,928.10. Following the transaction, the insider now directly owns 810,567 shares in the company, valued at approximately $3,136,894.29. This trade represents a 34.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.85% of the company's stock.
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.
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