NN Sets New 52-Week High at $25.92 (NNBR)
NN (NASDAQ:NNBR) reached a new 52-week high on Friday , AmericanBankingNews.com reports. The stock traded as high as $25.92 and last traded at $25.15, with a volume of 38,060 shares traded. The stock had previously closed at $25.64.
A number of analysts have recently weighed in on NNBR shares. Analysts at KeyCorp reiterated a “buy” rating on shares of NN in a research note on Tuesday, May 20th. They now have a $28.00 price target on the stock, up previously from $24.00. Separately, analysts at Singular Research raised their price target on shares of NN from $24.00 to $27.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of NN from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 19th. They now have a $22.50 price target on the stock.
The stock’s 50-day moving average is $22.15 and its 200-day moving average is $20.05. The company has a market cap of $447.8 million and a price-to-earnings ratio of 22.89.
NN (NASDAQ:NNBR) last released its earnings data on Tuesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $102.53 million for the quarter, compared to the consensus estimate of $101.30 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that NN will post $1.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, June 4th.
In other NN news, VP Thomas C. Jr. Burwell sold 7,000 shares of NN stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $25.00, for a total transaction of $175,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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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