NN Inc. (NNBR) Trading 6.1% Higher
NN Inc. (NASDAQ:NNBR) traded up 6.1% during trading on Monday . The company traded as high as $18.70 and last traded at $18.68, with a volume of 89,300 shares. The stock had previously closed at $17.61.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered NN from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. William Blair reiterated a “market perform” rating and set a $15.00 price target (down from $18.00) on shares of NN in a report on Friday, June 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. NN presently has an average rating of “Hold” and an average target price of $15.50.
The stock’s market capitalization is $506.70 million. The stock’s 50 day moving average is $16.78 and its 200 day moving average is $15.16.
NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 3rd. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $214.30 million for the quarter, compared to the consensus estimate of $223.14 million. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities research analysts anticipate that NN Inc. will post $1.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Investors of record on Friday, September 2nd will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.28 dividend on an annualized basis and a yield of 1.50%.
In related news, Director Steven T. Warshaw sold 2,500 shares of the company’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $19.02, for a total value of $47,550.00. Following the completion of the sale, the director now owns 46,100 shares in the company, valued at $876,822. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NN, Inc is a diversified industrial company. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group. Within its Precision Bearing Components Group, the Company manufactures and supplies high precision bearing components, consisting of balls, cylindrical rollers, tapered rollers, spherical rollers and metal retainers for bearing and constant velocity-joint manufacturers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.