NN, Inc. (NNBR) Declares $0.07 Quarterly Dividend
NN, Inc. (NASDAQ:NNBR) announced a quarterly dividend on Thursday, January 18th, Zacks reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.07 per share by the industrial products company on Friday, March 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, February 15th.
Shares of NN (NASDAQ:NNBR) opened at $25.45 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 2.72 and a debt-to-equity ratio of 1.80. NN has a 1-year low of $19.30 and a 1-year high of $32.90. The stock has a market cap of $715.53, a price-to-earnings ratio of -49.90 and a beta of 0.67.
A number of brokerages have issued reports on NNBR. ValuEngine cut shares of NN from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut shares of NN from a “hold” rating to a “sell” rating in a report on Friday, January 19th. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $36.00 price target on shares of NN in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.00.
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NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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