NN (NASDAQ:NNBR) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

NN, Inc. (NASDAQ:NNBR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.99 and traded as high as $3.66. NN shares last traded at $3.49, with a volume of 2,210,337 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. B. Riley Financial downgraded NN from a “buy” rating to a “neutral” rating in a research note on Monday, May 11th. Zacks Research upgraded NN from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NN in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.00.

NN Price Performance

The company’s 50-day moving average price is $2.82 and its two-hundred day moving average price is $1.99. The company has a market cap of $184.17 million, a P/E ratio of -3.20 and a beta of 2.56. The company has a current ratio of 1.87, a quick ratio of 1.16 and a debt-to-equity ratio of 6.39.

NN (NASDAQ:NNBR) last issued its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The business had revenue of $118.45 million for the quarter, compared to analysts’ expectations of $106.59 million. NN had a negative net margin of 7.85% and a positive return on equity of 4.54%. As a group, sell-side analysts expect that NN, Inc. will post 0.16 earnings per share for the current year.

Insider Buying and Selling at NN

In related news, Director Raymond T. White sold 18,782 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $2.41, for a total transaction of $45,264.62. Following the transaction, the director directly owned 858,283 shares in the company, valued at $2,068,462.03. This trade represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder John Frederick Barrett sold 136,165 shares of NN stock in a transaction on Monday, April 27th. The stock was sold at an average price of $2.63, for a total transaction of $358,113.95. Following the completion of the transaction, the insider directly owned 4,568,715 shares of the company’s stock, valued at approximately $12,015,720.45. This represents a 2.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,292,614 shares of company stock worth $7,904,463 over the last quarter. 19.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. First Manhattan CO. LLC. grew its holdings in shares of NN by 8.2% during the fourth quarter. First Manhattan CO. LLC. now owns 3,003,800 shares of the industrial products company’s stock valued at $3,845,000 after purchasing an additional 228,800 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of NN by 0.6% in the 3rd quarter. Nomura Holdings Inc. now owns 2,969,632 shares of the industrial products company’s stock worth $6,117,000 after acquiring an additional 18,615 shares during the period. Paradigm Capital Management Inc. NY boosted its holdings in shares of NN by 21.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,758,252 shares of the industrial products company’s stock valued at $5,792,000 after acquiring an additional 483,952 shares in the last quarter. Nantahala Capital Management LLC increased its stake in shares of NN by 69.4% during the second quarter. Nantahala Capital Management LLC now owns 2,441,416 shares of the industrial products company’s stock valued at $5,127,000 after acquiring an additional 1,000,000 shares during the period. Finally, RBF Capital LLC increased its stake in shares of NN by 71.8% during the first quarter. RBF Capital LLC now owns 834,929 shares of the industrial products company’s stock valued at $1,211,000 after acquiring an additional 348,945 shares during the period. 53.92% of the stock is currently owned by institutional investors.

About NN

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.