NN, Inc. (NASDAQ:NNBR) Receives Consensus Rating of “Hold” from Analysts

NN, Inc. (NASDAQ:NNBR) has received a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $5.6667.

Several research firms recently commented on NNBR. Wall Street Zen raised NN from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research raised shares of NN from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a research report on Friday, July 17th. B. Riley Financial cut shares of NN from a “buy” rating to a “neutral” rating in a research report on Monday, May 11th. Finally, Lake Street Capital reissued a “buy” rating and issued a $7.00 price target on shares of NN in a research note on Friday, August 7th.

Institutional Trading of NN

A number of hedge funds have recently bought and sold shares of NNBR. Two Sigma Investments LP purchased a new position in NN in the 3rd quarter worth approximately $27,000. Hudson Bay Capital Management LP purchased a new stake in shares of NN in the second quarter valued at approximately $29,000. Virtu Financial LLC purchased a new stake in shares of NN in the fourth quarter valued at approximately $30,000. Quinn Opportunity Partners LLC acquired a new stake in shares of NN in the fourth quarter valued at approximately $32,000. Finally, Addison Advisors LLC acquired a new stake in shares of NN in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Price Performance

Shares of NN stock opened at $3.66 on Friday. The business has a 50 day simple moving average of $3.29 and a two-hundred day simple moving average of $2.38. NN has a 12 month low of $1.10 and a 12 month high of $4.48. The stock has a market capitalization of $193.03 million, a P/E ratio of -3.81 and a beta of 2.57. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.79 and a quick ratio of 1.08.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, August 5th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter. NN had a positive return on equity of 20.38% and a negative net margin of 6.21%.The firm had revenue of $128.74 million for the quarter, compared to analyst estimates of $116.09 million. As a group, analysts predict that NN will post 0.13 EPS for the current fiscal year.

About NN

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.