NN, Inc. (NNBR) Insider Thomas C. Jr. Burwell Sells 2,000 Shares
NN, Inc. (NASDAQ:NNBR) insider Thomas C. Jr. Burwell sold 2,000 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $32.00, for a total value of $64,000.00. Following the completion of the sale, the insider now owns 35,381 shares of the company’s stock, valued at $1,132,192. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NN, Inc. (NNBR) traded up 0.15% on Friday, hitting $32.40. The company had a trading volume of 88,595 shares. The stock’s 50-day moving average price is $28.74 and its 200 day moving average price is $27.85. NN, Inc. has a one year low of $13.43 and a one year high of $32.90. The company’s market capitalization is $892.30 million.
NN (NASDAQ:NNBR) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. The business had revenue of $225.88 million during the quarter, compared to analyst estimates of $221.00 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts expect that NN, Inc. will post $1.60 EPS for the current fiscal year.
Several equities research analysts have issued reports on the company. KeyCorp restated a “buy” rating and issued a $36.00 price target on shares of NN in a report on Sunday, September 17th. Zacks Investment Research downgraded NN from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. BidaskClub downgraded NN from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. William Blair restated a “market perform” rating on shares of NN in a report on Tuesday, July 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target on shares of NN in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
NN Company Profile
NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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