NN, Inc. (NASDAQ:NNBR – Get Rating) Director Joao V. Faria bought 7,700 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The stock was bought at an average cost of $2.60 per share, for a total transaction of $20,020.00. Following the completion of the transaction, the director now directly owns 57,777 shares of the company’s stock, valued at approximately $150,220.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NNBR stock traded down $0.05 during midday trading on Tuesday, reaching $2.55. 578 shares of the company’s stock traded hands, compared to its average volume of 259,744. The company has a market capitalization of $111.92 million, a P/E ratio of -5.53 and a beta of 2.85. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.48. NN, Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $8.23. The business has a 50-day moving average price of $2.78 and a two-hundred day moving average price of $3.56.
NN (NASDAQ:NNBR – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $110.38 million for the quarter, compared to analyst estimates of $110.90 million. NN had a negative net margin of 2.43% and a negative return on equity of 0.30%. During the same quarter last year, the firm posted $0.17 earnings per share. As a group, research analysts forecast that NN, Inc. will post 0.19 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of NN by 17.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 151,650 shares of the industrial products company’s stock valued at $622,000 after purchasing an additional 22,619 shares during the period. Russell Investments Group Ltd. increased its stake in shares of NN by 103.5% in the fourth quarter. Russell Investments Group Ltd. now owns 342,017 shares of the industrial products company’s stock worth $1,400,000 after buying an additional 173,978 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of NN in the third quarter worth $136,000. Renaissance Technologies LLC increased its stake in shares of NN by 49.4% in the third quarter. Renaissance Technologies LLC now owns 131,930 shares of the industrial products company’s stock worth $693,000 after buying an additional 43,630 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of NN by 20.9% in the third quarter. Marshall Wace LLP now owns 220,959 shares of the industrial products company’s stock worth $1,160,000 after buying an additional 38,257 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.
About NN (Get Rating)
NN, Inc, a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for general industrial and automotive end markets.
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