NN Inc. Reaches New 12-Month High at $15.64 (NNBR)
Shares of NN (NASDAQ:NNBR) hit a new 52-week high during trading on Thursday, Analyst Ratings Network reports. The stock traded as high as $15.64 and last traded at $15.57, with a volume of 82,921 shares trading hands. The stock had previously closed at $15.26.
A number of analysts have recently weighed in on NNBR shares. Analysts at Zacks reiterated a “hold” rating on shares of NN (NASDAQ:NNBR) in a research note to investors on Thursday, August 22nd. They now have a $12.30 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of NN (NASDAQ:NNBR) from $14.00 to $17.00 in a research note to investors on Thursday, August 22nd. They now have a “buy” rating on the stock.
In other NN news, Director Michael Werner sold 20,000 shares of NN stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.07, for a total transaction of $301,400.00. Following the completion of the sale, the director now directly owns 30,533 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
NN has a one year low of $6.90 and a one year high of $15.58. The stock’s 50-day moving average is $13.83 and its 200-day moving average is $10.93. The company has a market cap of $270.3 million and a P/E ratio of 13.75.
NN (NASDAQ:NNBR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.03. The company had revenue of $96.30 million for the quarter, compared to the consensus estimate of $93.79 million. During the same quarter last year, the company posted $0.35 earnings per share. NN’s revenue was down 2.5% compared to the same quarter last year. Analysts expect that NN will post $1.01 EPS for the current fiscal year.
NN, Inc (NASDAQ:NNBR) is a manufacturer of precision balls, cylindrical and tapered rollers, bearing retainers, plastic injection molded products, precision bearing seals and precision metal components.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.