NN, Inc. (NASDAQ:NNBR) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.00.
Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of NN from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 19th. Robert W. Baird decreased their target price on shares of NN from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. TheStreet downgraded shares of NN from a “c-” rating to a “d+” rating in a research report on Monday, December 3rd. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of NN in a research report on Monday, January 7th. They set an “overweight” rating and a $15.00 target price for the company.
Shares of NASDAQ:NNBR traded up $0.06 during midday trading on Thursday, hitting $7.81. 6,538 shares of the company’s stock were exchanged, compared to its average volume of 455,566. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.05 and a quick ratio of 1.20. The company has a market cap of $315.36 million, a PE ratio of 6.70 and a beta of 1.34. NN has a 12 month low of $5.55 and a 12 month high of $25.25.
Hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in NN in the 3rd quarter worth about $102,000. Legal & General Group Plc grew its position in NN by 69.0% in the 4th quarter. Legal & General Group Plc now owns 7,303 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 2,981 shares in the last quarter. PNC Financial Services Group Inc. grew its position in NN by 11,750.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,584 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 7,520 shares in the last quarter. Citigroup Inc. boosted its stake in NN by 35.0% in the fourth quarter. Citigroup Inc. now owns 9,947 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 2,577 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in NN in the third quarter valued at about $161,000.
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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