NN (NASDAQ:NNBR) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

NN, Inc. (NASDAQ:NNBR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.53 and traded as high as $3.73. NN shares last traded at $3.68, with a volume of 291,063 shares trading hands.

NN Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. The stock has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $3.53. The firm has a market capitalization of $188.31 million, a price-to-earnings ratio of -3.46 and a beta of 2.96.

Institutional Trading of NN

A number of institutional investors have recently bought and sold shares of NNBR. Legion Partners Asset Management LLC lifted its holdings in shares of NN by 11.9% in the 2nd quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company's stock valued at $14,376,000 after purchasing an additional 510,000 shares during the last quarter. Nantahala Capital Management LLC increased its position in NN by 3.6% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company's stock valued at $4,369,000 after acquiring an additional 50,000 shares during the period. Register Financial Advisors LLC increased its position in NN by 11.9% in the 2nd quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company's stock valued at $3,483,000 after acquiring an additional 123,505 shares during the period. American Century Companies Inc. increased its position in NN by 80.7% in the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company's stock valued at $1,928,000 after acquiring an additional 287,060 shares during the period. Finally, Paradigm Capital Management Inc. NY acquired a new position in NN in the 2nd quarter valued at about $1,032,000. 53.92% of the stock is owned by hedge funds and other institutional investors.

NN Company Profile

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.