NN (NASDAQ:NNBR) Coverage Initiated by Analysts at Noble Financial

Noble Financial started coverage on shares of NN (NASDAQ:NNBR) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $6.00 target price on the industrial products company’s stock.

Several other equities research analysts have also issued reports on the stock. StockNews.com raised shares of NN from a sell rating to a hold rating in a report on Wednesday, March 20th. TheStreet raised shares of NN from a d rating to a c- rating in a report on Wednesday, February 14th.

NN Price Performance

NNBR stock opened at $3.84 on Monday. The company has a quick ratio of 1.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.19. NN has a 12 month low of $0.97 and a 12 month high of $5.40. The firm has a market cap of $190.23 million, a P/E ratio of -2.84 and a beta of 3.02. The company’s 50-day moving average price is $4.67 and its two-hundred day moving average price is $3.54.

NN (NASDAQ:NNBR) last released its earnings results on Monday, March 11th. The industrial products company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). NN had a negative net margin of 10.25% and a negative return on equity of 9.19%. The firm had revenue of $112.53 million during the quarter, compared to the consensus estimate of $116.00 million. On average, analysts anticipate that NN will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Legion Partners Asset Management LLC lifted its position in shares of NN by 3.1% in the 3rd quarter. Legion Partners Asset Management LLC now owns 4,333,141 shares of the industrial products company’s stock worth $8,060,000 after purchasing an additional 130,000 shares during the period. Mizuho Markets Americas LLC acquired a new position in shares of NN during the 3rd quarter valued at $1,674,000. Register Financial Advisors LLC lifted its position in shares of NN by 26.6% during the 4th quarter. Register Financial Advisors LLC now owns 862,976 shares of the industrial products company’s stock valued at $3,452,000 after acquiring an additional 181,258 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of NN during the 2nd quarter valued at $71,000. Finally, Marshall Wace LLP acquired a new position in shares of NN during the 4th quarter valued at $70,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.