NN, Inc. (NASDAQ:NNBR) Given Average Rating of “Hold” by Analysts

NN, Inc. (NASDAQ:NNBR) has received an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $5.6667.

A number of research firms have recently issued reports on NNBR. Wall Street Zen lowered shares of NN from a “buy” rating to a “hold” rating in a report on Sunday, August 16th. Craig Hallum started coverage on shares of NN in a research note on Monday, July 20th. They issued a “buy” rating and a $7.00 price target on the stock. Lake Street Capital restated a “buy” rating and set a $7.00 price target on shares of NN in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of NN in a research report on Friday, July 17th. Finally, B. Riley Financial cut shares of NN from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in shares of NN in the third quarter valued at approximately $27,000. Hudson Bay Capital Management LP acquired a new position in NN during the second quarter worth $29,000. Virtu Financial LLC acquired a new position in NN during the fourth quarter worth $30,000. Quinn Opportunity Partners LLC purchased a new stake in NN in the 4th quarter valued at $32,000. Finally, Addison Advisors LLC purchased a new stake in NN in the 2nd quarter valued at $39,000. 53.92% of the stock is currently owned by institutional investors and hedge funds.

NN Stock Performance

Shares of NASDAQ:NNBR opened at $3.66 on Wednesday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.79 and a quick ratio of 1.08. NN has a 1 year low of $1.10 and a 1 year high of $4.48. The firm has a market capitalization of $302.24 million, a PE ratio of -3.81 and a beta of 2.61. The business’s 50 day moving average price is $3.56 and its 200-day moving average price is $2.63.

NN (NASDAQ:NNBR) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.11 EPS for the quarter. The firm had revenue of $128.74 million during the quarter, compared to the consensus estimate of $116.09 million. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%. As a group, equities research analysts expect that NN will post 0.13 earnings per share for the current fiscal year.

NN Company Profile

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.