NN Inc. Sets New 1-Year High at $16.05 (NNBR)
NN (NASDAQ:NNBR) set a new 52-week high on Thursday, American Banking & Market News reports. The company traded as high as $16.05 and last traded at $15.90, with a volume of 87,248 shares. The stock had previously closed at $15.40.
A number of research firms have recently commented on NNBR. Analysts at Zacks downgraded shares of NN from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $17.20 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of NN 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.
NN has a one year low of $6.90 and a one year high of $16.03. The stock’s 50-day moving average is $14.89 and its 200-day moving average is $11.57. The company has a market cap of $275.8 million and a price-to-earnings ratio of 13.87.
NN (NASDAQ:NNBR) last announced its earnings results on Tuesday, August 6th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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.
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