Shares of NN, Inc. (NASDAQ:NNBR) have been given a consensus rating of “Hold” by the six analysts that are currently covering the firm, AnalystRatings.Net reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $24.00.

NNBR has been the topic of a number of analyst reports. Zacks Investment Research downgraded NN from a “buy” rating to a “hold” rating in a report on Wednesday, October 7th. Stifel Nicolaus cut NN from a “buy” rating to a “hold” rating in a research report on Monday, October 26th. Stephens cut NN from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 4th. TheStreet cut NN from a “buy” rating to a “hold” rating in a research report on Friday, October 30th. Finally, Avondale Partners reissued a “market outperform” rating on shares of NN in a research report on Thursday, October 29th.

In other news, Director G Ronald Morris purchased 5,000 shares of the stock in a transaction on Thursday, November 12th. The stock was bought at an average price of $15.19 per share, with a total value of $75,950.00. Following the transaction, the director now owns 84,400 shares in the company, valued at approximately $1,282,036. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David L. Pugh purchased 46,580 shares of the stock in a transaction on Tuesday, December 1st. The shares were purchased at an average cost of $17.04 per share, with a total value of $793,723.20. Following the transaction, the director now owns 73,500 shares in the company, valued at approximately $1,252,440. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in NN stock. Jennison Associates boosted its position in NN, Inc. (NASDAQ:NNBR) by 15.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,833,931 shares of the company’s stock after buying an additional 382,222 shares during the period. Jennison Associates owned about 10.56% of NN worth $52,428,000 at the end of the most recent quarter.

Shares of NN (NASDAQ:NNBR) traded down 1.83% during mid-day trading on Monday, reaching $11.29. The company’s stock had a trading volume of 178,099 shares. The firm has a market cap of $303.00 million and a P/E ratio of 11.71. NN has a 12-month low of $10.81 and a 12-month high of $29.91. The firm’s 50-day moving average price is $14.75 and its 200 day moving average price is $18.91.

NN (NASDAQ:NNBR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. During the same quarter in the previous year, the company earned $0.34 EPS. The firm earned $154.80 million during the quarter, compared to analyst estimates of $166.79 million. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. On average, analysts expect that NN will post $1.25 EPS for the current year.

NN, Inc. is an industrial company and a global manufacturer of metal bearing, plastic, rubber and precision metal components. The Company has three operating segments, the Metal Bearing Components Segment, the Plastic and Rubber Components Segment, and the Autocam Precision Components Segment. It has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. The Metal Bearing Components segment manufactures and supplies bearing components, consisting of balls, cylindrical rollers, tapered rollers and metal retainers. The Plastic and Rubber Components segment includes bearing seals, plastic retainers and precision plastic components. The Autocam Precision Components segment sells a range of engineered, close tolerance, precision-machined metal components and subassemblies.

12 Month Chart for NASDAQ:NNBR

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