NN (NASDAQ:NNBR) Share Price Passes Above 200-Day Moving Average of $3.75

NN, Inc. (NASDAQ:NNBR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.75 and traded as high as $3.81. NN shares last traded at $3.80, with a volume of 248,449 shares trading hands.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com upgraded 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 research report on Wednesday, February 14th. Finally, Noble Financial assumed coverage on shares of NN in a report on Monday, April 15th. They set an “outperform” rating and a $6.00 price objective on the stock.

NN Stock Performance

The company has a market cap of $188.25 million, a P/E ratio of -2.81 and a beta of 3.04. 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 business has a 50-day moving average of $4.34 and a two-hundred day moving average of $3.75.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Monday, March 11th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). NN had a negative return on equity of 9.19% and a negative net margin of 10.25%. The firm had revenue of $112.53 million during the quarter, compared to analysts’ expectations of $116.00 million. On average, sell-side analysts predict that NN, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of NN during the first quarter worth about $53,000. Empowered Funds LLC boosted its stake in NN by 8.1% in the 1st quarter. Empowered Funds LLC now owns 158,285 shares of the industrial products company’s stock worth $750,000 after purchasing an additional 11,900 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in NN during the 1st quarter worth approximately $53,000. Cannon Global Investment Management LLC purchased a new position in shares of NN in the first quarter worth $85,000. Finally, Register Financial Advisors LLC lifted its stake in shares of NN by 20.2% during the first quarter. Register Financial Advisors LLC now owns 1,037,463 shares of the industrial products company’s stock worth $4,918,000 after buying an additional 174,487 shares during the period. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

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.