BidaskClub downgraded shares of NN (NASDAQ:NNBR) from a sell rating to a strong sell rating in a research report report published on Tuesday, April 10th.
Several other equities analysts also recently commented on NNBR. Zacks Investment Research upgraded shares of NN from a sell rating to a hold rating in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of NN from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus lowered their target price on shares of NN from $29.00 to $28.00 and set a hold rating for the company in a research note on Monday, March 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. NN has an average rating of Hold and an average price target of $32.25.
Shares of NNBR stock traded up $0.20 during trading on Tuesday, hitting $22.50. 78,952 shares of the stock traded hands, compared to its average volume of 133,272. NN has a 52-week low of $21.40 and a 52-week high of $32.90. The company has a debt-to-equity ratio of 1.63, a quick ratio of 3.64 and a current ratio of 4.40. The firm has a market cap of $606.76, a PE ratio of 14.55 and a beta of 0.80.
A number of institutional investors and hedge funds have recently made changes to their positions in NNBR. Royce & Associates LP lifted its position in NN by 5.4% in the fourth quarter. Royce & Associates LP now owns 1,039,893 shares of the industrial products company’s stock valued at $28,701,000 after acquiring an additional 53,509 shares during the last quarter. BlackRock Inc. lifted its position in NN by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,816,823 shares of the industrial products company’s stock valued at $50,144,000 after acquiring an additional 24,497 shares during the last quarter. Millennium Management LLC purchased a new stake in NN in the fourth quarter valued at $610,000. Goldman Sachs Group Inc. raised its holdings in shares of NN by 98.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 33,338 shares of the industrial products company’s stock valued at $920,000 after buying an additional 16,545 shares during the last quarter. Finally, Gotham Asset Management LLC purchased a new stake in shares of NN in the fourth quarter valued at about $395,000. 95.78% of the stock is owned by hedge funds and other institutional investors.
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NN Company Profile
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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