Insider Selling: NN Director Unloads 10,000 Shares of Stock (NNBR)
NN (NASDAQ:NNBR) Director Steven Warshaw unloaded 10,000 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $15.51, for a total transaction of $155,100.00. Following the sale, the director now directly owns 33,600 shares in the company, valued at approximately $521,136. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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.
Shares of NN (NASDAQ:NNBR) traded down 0.52% on Monday, hitting $15.21. 159,410 shares of the company’s stock traded hands. NN has a 52-week low of $6.90 and a 52-week high of $15.75. The stock has a 50-day moving average of $14.0 and a 200-day moving average of $11.01. The company has a market cap of $262.7 million and a P/E ratio of 13.77.
NN (NASDAQ:NNBR) last announced its earnings results 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. 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.
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