NN (NASDAQ:NNBR) Shares Cross Above 200-Day Moving Average of $3.63

NN, Inc. (NASDAQ:NNBR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.63 and traded as high as $4.10. NN shares last traded at $3.83, with a volume of 281,897 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NNBR shares. TheStreet upgraded shares of NN from a “d” rating to a “c-” rating in a research report on Wednesday, February 14th. StockNews.com upgraded shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Noble Financial started coverage on shares of NN in a research report on Monday, April 15th. They issued an “outperform” rating and a $6.00 price target on the stock.

NN Price Performance

The company has a debt-to-equity ratio of 1.19, a current ratio of 2.24 and a quick ratio of 1.36. The firm has a market cap of $189.74 million, a P/E ratio of -2.84 and a beta of 3.02. The stock’s 50-day simple moving average is $4.57 and its two-hundred day simple moving average is $3.63.

NN (NASDAQ:NNBR) last posted its quarterly earnings data on Monday, March 11th. The industrial products company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $116.00 million. Equities research analysts forecast that NN, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mizuho Markets Americas LLC bought a new position in shares of NN in the third quarter worth about $1,674,000. Legion Partners Asset Management LLC grew its holdings in shares of NN by 3.1% in the third 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 last quarter. Register Financial Advisors LLC grew its holdings in shares of NN by 26.6% in the fourth quarter. Register Financial Advisors LLC now owns 862,976 shares of the industrial products company’s stock worth $3,452,000 after purchasing an additional 181,258 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of NN by 80.9% in the fourth quarter. J.W. Cole Advisors Inc. now owns 90,100 shares of the industrial products company’s stock worth $360,000 after purchasing an additional 40,290 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of NN in the fourth quarter worth about $140,000. Institutional investors own 53.92% of the company’s stock.

About NN

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.