NN, Inc. (NASDAQ:NNBR) has earned a consensus rating of “Hold” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of brokerages have issued reports on NNBR. ValuEngine lowered NN from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. BidaskClub cut shares of NN from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. William Blair upgraded shares of NN from a “market perform” rating to an “outperform” rating in a research report on Monday, November 11th. Finally, Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research note on Friday, October 11th.

Shares of NNBR traded up $0.09 during mid-day trading on Tuesday, reaching $8.00. 743,810 shares of the company’s stock traded hands, compared to its average volume of 310,078. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.21 and a current ratio of 2.03. The business’s 50-day moving average price is $8.10 and its 200-day moving average price is $7.76. The stock has a market capitalization of $338.40 million, a P/E ratio of 6.83 and a beta of 1.81. NN has a 12 month low of $5.55 and a 12 month high of $11.70.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Thursday, November 7th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). NN had a positive return on equity of 10.21% and a negative net margin of 29.60%. The business had revenue of $213.90 million during the quarter, compared to the consensus estimate of $216.32 million. During the same period last year, the company earned $0.30 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that NN will post 0.86 EPS for the current year.

A number of large investors have recently made changes to their positions in NNBR. State Street Corp raised its position in NN by 0.6% in the third quarter. State Street Corp now owns 1,042,450 shares of the industrial products company’s stock worth $7,433,000 after acquiring an additional 5,720 shares in the last quarter. California Public Employees Retirement System lifted its stake in NN by 15.9% during the third quarter. California Public Employees Retirement System now owns 82,400 shares of the industrial products company’s stock valued at $588,000 after purchasing an additional 11,300 shares during the last quarter. Rhumbline Advisers lifted its stake in NN by 9.4% during the third quarter. Rhumbline Advisers now owns 66,496 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 5,738 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its stake in NN by 3.2% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,119,818 shares of the industrial products company’s stock valued at $7,984,000 after purchasing an additional 34,345 shares during the last quarter. Finally, Primecap Management Co. CA boosted its holdings in NN by 0.9% during the second quarter. Primecap Management Co. CA now owns 6,352,900 shares of the industrial products company’s stock worth $62,004,000 after buying an additional 58,900 shares in the last quarter. 91.61% of the stock is currently owned by hedge funds and other institutional investors.

About NN

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.

Read More: P/E Growth (PEG)

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