NN (NASDAQ:NNBR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of NN, Inc. (NASDAQ:NNBR) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.62 and traded as high as $1.9050. NN shares last traded at $1.71, with a volume of 4,461,793 shares.

Analyst Ratings Changes

Several equities analysts recently commented on NNBR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of NN in a research note on Thursday, January 22nd. Zacks Research downgraded shares of NN from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Finally, B. Riley Financial cut their price objective on shares of NN from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $3.00.

NN Stock Up 15.5%

The firm has a market capitalization of $85.82 million, a price-to-earnings ratio of -1.60, a price-to-earnings-growth ratio of 0.30 and a beta of 2.29. The business has a 50 day moving average of $1.51 and a 200 day moving average of $1.62. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.83 and a quick ratio of 1.09.

NN (NASDAQ:NNBR) last posted its quarterly earnings results on Wednesday, March 4th. The industrial products company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.31). The business had revenue of $104.72 million for the quarter, compared to analyst estimates of $105.36 million. NN had a negative return on equity of 0.98% and a negative net margin of 8.05%. On average, equities analysts anticipate that NN, Inc. will post -0.2 EPS for the current year.

Institutional Trading of NN

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new position in NN in the third quarter worth about $27,000. Catalyst Funds Management Pty Ltd acquired a new stake in NN during the second quarter valued at approximately $27,000. Hudson Bay Capital Management LP bought a new stake in shares of NN in the 2nd quarter valued at approximately $29,000. Virtu Financial LLC bought a new stake in shares of NN in the 4th quarter valued at approximately $30,000. Finally, Quinn Opportunity Partners LLC acquired a new position in shares of NN in the 4th quarter worth approximately $32,000. Institutional investors own 53.92% of the company’s stock.

NN Company Profile

NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin‐gauge strips for hybrid and electric vehicle applications to high‐volume sintered parts for commercial and consumer products.

The company’s operations are organized into three business segments.