NN (NASDAQ:NNBR) Shares Cross Above 200-Day Moving Average – Time to Sell?

NN, Inc. (NASDAQ:NNBR)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.77 and traded as high as $1.80. NN shares last traded at $1.74, with a volume of 346,744 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.00.

NN Trading Up 1.2%

The company has a market cap of $87.35 million, a P/E ratio of -1.41, a price-to-earnings-growth ratio of 0.27 and a beta of 2.30. The company has a quick ratio of 1.17, a current ratio of 1.87 and a debt-to-equity ratio of 3.01. The firm’s 50-day moving average price is $1.37 and its 200-day moving average price is $1.77.

Institutional Trading of NN

A number of institutional investors have recently added to or reduced their stakes in NNBR. Nomura Holdings Inc. boosted its stake in NN by 0.6% in the 3rd quarter. Nomura Holdings Inc. now owns 2,969,632 shares of the industrial products company’s stock worth $6,117,000 after purchasing an additional 18,615 shares during the period. Paradigm Capital Management Inc. NY lifted its holdings in shares of NN by 21.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company’s stock worth $5,792,000 after buying an additional 483,952 shares in the last quarter. Nantahala Capital Management LLC boosted its position in shares of NN by 69.4% in the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company’s stock valued at $5,127,000 after acquiring an additional 1,000,000 shares during the period. Register Financial Advisors LLC boosted its position in shares of NN by 2.4% in the third quarter. Register Financial Advisors LLC now owns 1,276,878 shares of the industrial products company’s stock valued at $2,630,000 after acquiring an additional 29,498 shares during the period. Finally, Geode Capital Management LLC grew its stake in NN by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 620,060 shares of the industrial products company’s stock valued at $794,000 after acquiring an additional 59,225 shares in the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

About NN

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.