Several other analysts have also commented on the company. William Blair raised NN from a “market perform” rating to an “outperform” rating in a report on Monday, November 11th. ValuEngine raised NN from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Zacks Investment Research upgraded NN from a “sell” rating to a “hold” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.38.
Shares of NNBR traded up $0.37 on Tuesday, hitting $9.36. 9,190 shares of the stock traded hands, compared to its average volume of 221,648. The company has a market capitalization of $366.55 million, a PE ratio of 8.08 and a beta of 1.82. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.21 and a current ratio of 2.03. The business has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $7.87. NN has a one year low of $5.88 and a one year high of $11.70.
Several large investors have recently bought and sold shares of NNBR. State Street Corp lifted its position in NN by 0.6% during the third quarter. State Street Corp now owns 1,042,450 shares of the industrial products company’s stock valued at $7,433,000 after purchasing an additional 5,720 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of NN by 15.9% in the third quarter. California Public Employees Retirement System now owns 82,400 shares of the industrial products company’s stock worth $588,000 after buying an additional 11,300 shares during the period. Rhumbline Advisers raised its stake in shares of NN by 9.4% in the third quarter. Rhumbline Advisers now owns 66,496 shares of the industrial products company’s stock worth $474,000 after buying an additional 5,738 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its position in shares of NN by 3.2% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 1,119,818 shares of the industrial products company’s stock valued at $7,984,000 after buying an additional 34,345 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of NN by 0.9% during the 2nd quarter. Primecap Management Co. CA now owns 6,352,900 shares of the industrial products company’s stock valued at $62,004,000 after buying an additional 58,900 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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