ValuEngine upgraded shares of NN (NASDAQ:NNBR) from a sell rating to a hold rating in a research report released on Friday morning, ValuEngine reports.

A number of other analysts have also recently weighed in on NNBR. Zacks Investment Research raised NN from a sell rating to a hold rating in a research report on Friday, October 11th. William Blair raised NN from a market perform rating to an outperform rating in a research report on Monday, November 11th. Finally, BidaskClub cut NN from a buy rating to a hold rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. NN presently has a consensus rating of Hold and an average price target of $9.38.

NN stock opened at $8.39 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.03 and a quick ratio of 1.21. The stock has a market capitalization of $353.01 million, a price-to-earnings ratio of 7.17 and a beta of 1.82. NN has a 1-year low of $5.88 and a 1-year high of $11.70. The business has a fifty day moving average price of $8.67 and a 200-day moving average price of $7.87.

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

A number of hedge funds have recently modified their holdings of NNBR. Morgan Stanley raised its stake in NN by 1,223.1% in the 2nd quarter. Morgan Stanley now owns 424,495 shares of the industrial products company’s stock worth $4,143,000 after acquiring an additional 392,411 shares during the last quarter. Prudential Financial Inc. purchased a new position in NN in the 2nd quarter worth $833,000. BlackRock Inc. raised its stake in NN by 2.1% in the 2nd quarter. BlackRock Inc. now owns 3,026,811 shares of the industrial products company’s stock worth $29,541,000 after acquiring an additional 63,287 shares during the last quarter. Victory Capital Management Inc. raised its stake in NN by 41.4% in the 2nd quarter. Victory Capital Management Inc. now owns 203,500 shares of the industrial products company’s stock worth $1,986,000 after acquiring an additional 59,600 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in NN by 0.9% in the 2nd quarter. Primecap Management Co. CA now owns 6,352,900 shares of the industrial products company’s stock worth $62,004,000 after acquiring an additional 58,900 shares during the last quarter. Institutional investors own 91.06% of the company’s stock.

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.

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