NN (NASDAQ:NNBR) Share Price Passes Above Two Hundred Day Moving Average of $3.83

NN, Inc. (NASDAQ:NNBR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.83 and traded as high as $4.03. NN shares last traded at $3.94, with a volume of 99,670 shares traded.

NN Stock Performance

The stock has a market capitalization of $197.02 million, a P/E ratio of -2.81 and a beta of 2.97. The company has a current ratio of 2.04, a quick ratio of 1.27 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $3.52 and a two-hundred day moving average price of $3.83.

NN (NASDAQ:NNBR) last released its earnings results on Wednesday, August 7th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. NN had a negative return on equity of 8.92% and a negative net margin of 10.86%. The business had revenue of $122.99 million during the quarter, compared to analysts’ expectations of $123.59 million. During the same quarter last year, the firm posted ($0.08) earnings per share. On average, equities analysts forecast that NN, Inc. will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legion Partners Asset Management LLC raised its holdings in shares of NN by 11.9% during the second quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company’s stock valued at $14,376,000 after purchasing an additional 510,000 shares during the period. Nantahala Capital Management LLC raised its stake in NN by 3.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,456,446 shares of the industrial products company’s stock worth $4,369,000 after buying an additional 50,000 shares during the period. Register Financial Advisors LLC raised its stake in NN by 11.9% during the 2nd quarter. Register Financial Advisors LLC now owns 1,160,968 shares of the industrial products company’s stock worth $3,483,000 after buying an additional 123,505 shares during the period. American Century Companies Inc. boosted its holdings in NN by 80.7% in the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock worth $1,928,000 after acquiring an additional 287,060 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new stake in NN in the second quarter valued at approximately $1,032,000. 53.92% of the stock is owned by 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.