NN, Inc. (NASDAQ:NNBR) Receives Average Rating of “Hold” from Analysts
Shares of NN, Inc. (NASDAQ:NNBR) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.38.
A number of brokerages recently weighed in on NNBR. Zacks Investment Research raised shares of NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 15th. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a report on Friday, June 7th.
In other NN news, Director David Floyd bought 9,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of $8.05 per share, with a total value of $72,450.00. Following the acquisition, the director now owns 23,660 shares of the company’s stock, valued at $190,463. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.48% of the stock is currently owned by insiders.
Shares of NN stock traded up $0.17 during midday trading on Tuesday, reaching $7.39. The company had a trading volume of 337,582 shares, compared to its average volume of 271,827. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.90 and a quick ratio of 1.12. The firm has a market cap of $313.09 million, a P/E ratio of 6.72 and a beta of 1.41. NN has a 1-year low of $5.55 and a 1-year high of $22.15.
NN (NASDAQ:NNBR) last issued its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $213.26 million during the quarter, compared to analyst estimates of $209.86 million. NN had a negative net margin of 34.01% and a positive return on equity of 7.79%. On average, sell-side analysts expect that NN will post 1.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 21st will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, June 20th. NN’s dividend payout ratio is currently 23.93%.
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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