NN (NASDAQ:NNBR) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Stifel Nicolaus restated a “hold” rating and set a $23.00 price target (down previously from $26.00) on shares of NN in a report on Monday. BidaskClub lowered shares of NN from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 3rd. Finally, SunTrust Banks restated a “buy” rating and set a $33.00 price target on shares of NN in a report on Sunday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. NN presently has a consensus rating of “Hold” and an average price target of $27.50.

NASDAQ:NNBR traded down $0.85 during mid-day trading on Monday, hitting $18.85. 327,900 shares of the company’s stock were exchanged, compared to its average volume of 153,243. The company has a debt-to-equity ratio of 1.62, a current ratio of 3.77 and a quick ratio of 3.02. NN has a fifty-two week low of $18.05 and a fifty-two week high of $32.90. The company has a market cap of $545.02 million, a PE ratio of 12.16 and a beta of 1.02.

NN (NASDAQ:NNBR) last posted its earnings results on Thursday, August 9th. The industrial products company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. NN had a net margin of 3.05% and a return on equity of 7.53%. The business had revenue of $196.30 million for the quarter, compared to the consensus estimate of $197.21 million. During the same period last year, the company earned $0.51 EPS. The firm’s revenue was up 24.3% compared to the same quarter last year. equities research analysts expect that NN will post 1.63 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new stake in shares of NN in the 2nd quarter valued at $2,696,000. Private Management Group Inc. increased its stake in shares of NN by 4.5% in the 2nd quarter. Private Management Group Inc. now owns 740,300 shares of the industrial products company’s stock valued at $13,992,000 after acquiring an additional 32,161 shares in the last quarter. Yorktown Management & Research Co Inc increased its stake in shares of NN by 20.4% in the 2nd quarter. Yorktown Management & Research Co Inc now owns 46,729 shares of the industrial products company’s stock valued at $883,000 after acquiring an additional 7,929 shares in the last quarter. BlackRock Inc. increased its stake in shares of NN by 8.2% in the 2nd quarter. BlackRock Inc. now owns 1,962,418 shares of the industrial products company’s stock valued at $37,087,000 after acquiring an additional 148,478 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of NN by 15.4% in the 2nd quarter. Royce & Associates LP now owns 1,306,149 shares of the industrial products company’s stock valued at $24,686,000 after acquiring an additional 174,756 shares in the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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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