NN, Inc. (NASDAQ:NNBR – Get Free Report) major shareholder John Frederick Barrett sold 315,436 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $2.06, for a total transaction of $649,798.16. Following the sale, the insider owned 5,890,195 shares of the company’s stock, valued at approximately $12,133,801.70. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
John Frederick Barrett also recently made the following trade(s):
- On Monday, April 27th, John Frederick Barrett sold 136,165 shares of NN stock. The stock was sold at an average price of $2.63, for a total value of $358,113.95.
- On Friday, April 24th, John Frederick Barrett sold 12,199 shares of NN stock. The stock was sold at an average price of $2.51, for a total value of $30,619.49.
- On Thursday, April 23rd, John Frederick Barrett sold 555,305 shares of NN stock. The stock was sold at an average price of $2.69, for a total value of $1,493,770.45.
- On Wednesday, April 22nd, John Frederick Barrett sold 94,380 shares of NN stock. The stock was sold at an average price of $2.30, for a total value of $217,074.00.
- On Tuesday, April 21st, John Frederick Barrett sold 55,483 shares of NN stock. The stock was sold at an average price of $2.21, for a total value of $122,617.43.
- On Monday, April 20th, John Frederick Barrett sold 79,757 shares of NN stock. The stock was sold at an average price of $2.24, for a total value of $178,655.68.
- On Friday, April 17th, John Frederick Barrett sold 348,161 shares of NN stock. The stock was sold at an average price of $2.29, for a total value of $797,288.69.
- On Thursday, April 16th, John Frederick Barrett sold 40,030 shares of NN stock. The stock was sold at an average price of $2.04, for a total value of $81,661.20.
NN Stock Performance
Shares of NASDAQ:NNBR traded down $0.24 during midday trading on Wednesday, hitting $2.30. The company had a trading volume of 984,519 shares, compared to its average volume of 668,485. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.83 and a quick ratio of 1.09. The company has a market cap of $115.44 million, a price-to-earnings ratio of -2.15, a PEG ratio of 0.51 and a beta of 2.21. NN, Inc. has a 12-month low of $1.10 and a 12-month high of $2.88. The company has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.55.
Institutional Inflows and Outflows
Analysts Set New Price Targets
NNBR has been the subject of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of NN in a research note on Tuesday, April 21st. B. Riley Financial dropped their target price on shares of NN from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday, March 6th. Finally, Zacks Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, NN has a consensus rating of “Reduce” and an average price target of $3.00.
Get Our Latest Research Report on NNBR
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.
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