The stock of NN, Inc. (NASDAQ:NNBR) is a huge mover today! The stock decreased 4.88% or $0.7 during the last trading session, hitting $13.65. About 344,169 shares traded hands or 135.05% up from the average. NN, Inc. (NASDAQ:NNBR) has risen 5.05% since April 4, 2016 and is uptrending. It has outperformed by 3.96% the S&P500.
The move comes after 5 months negative chart setup for the $354.16M company. It was reported on Nov, 4 by Barchart.com. We have $11.88 PT which if reached, will make NASDAQ:NNBR worth $46.04 million less.
NN, Inc. (NASDAQ:NNBR) Ratings Coverage
Out of 5 analysts covering NN Inc (NASDAQ:NNBR), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. NN Inc has been the topic of 6 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Stifel Nicolaus initiated NN, Inc. (NASDAQ:NNBR) on Tuesday, August 18 with “Buy” rating. The stock of NN, Inc. (NASDAQ:NNBR) earned “Market Outperform” rating by Avondale on Friday, March 11. The stock of NN, Inc. (NASDAQ:NNBR) has “Hold” rating given on Monday, October 26 by Stifel Nicolaus. Zacks upgraded NN, Inc. (NASDAQ:NNBR) on Friday, August 28 to “Sell” rating. The rating was initiated by Stephens on Friday, July 24 with “Overweight”. The stock of NN, Inc. (NASDAQ:NNBR) has “Mkt Perform” rating given on Thursday, September 3 by William Blair.
According to Zacks Investment Research, “NN, Inc. is an independent manufacturer and supplier of high quality, precision steel balls and rollers to both domestic and international anti-friction bearing manufacturers. Precision steel balls and rollers are critical moving parts of anti-friction bearings used in a wide variety of automotive, industrial and other applications. NN also manufacturers a full line of precision injection molded components serving the bearing, automotive, instrumentation, fiber optic and consumer hardware markets. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.17, from 1.28 in 2016Q1. The ratio dived, as 13 funds sold all NN, Inc. shares owned while 34 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 25.24 million shares or 0.97% less from 25.49 million shares in 2016Q1.
D E Shaw And accumulated 95,672 shares or 0% of the stock. The California-based Wells Fargo Mn has invested 0% in NN, Inc. (NASDAQ:NNBR). Allianz Asset Ag holds 152,212 shares or 0% of its portfolio. Da Davidson accumulated 0% or 794 shares. Rbf Cap Lc last reported 10,000 shares in the company. Stifel Fincl Corporation accumulated 12,000 shares or 0% of the stock. Bessemer Group Inc owns 100 shares or 0% of their US portfolio. Systematic Financial Lp last reported 86,602 shares in the company. Skyline Asset Mgmt Ltd Partnership, a Illinois-based fund reported 975,400 shares. Bnp Paribas holds 0.05% of its portfolio in NN, Inc. (NASDAQ:NNBR) for 392,739 shares. Financial Bank Of New York Mellon Corporation accumulated 0% or 145,823 shares. Redmond Asset Limited Co reported 25,340 shares or 0.18% of all its holdings. Bnp Paribas Arbitrage holds 1,020 shares or 0% of its portfolio. Price T Rowe Associate Md has 12,402 shares for 0% of their US portfolio. Paloma Prtnrs Mgmt last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 7, 2016, the stock had 1 buying transaction, and 1 sale for $22,779 net activity. WARSHAW STEVEN T had sold 2,500 shares worth $47,550 on Tuesday, June 7. 1,458 shares with value of $24,771 were bought by Floyd David on Friday, August 19.
More notable recent NN, Inc. (NASDAQ:NNBR) news were published by: Prnewswire.com which released: “NN, Inc. Reports Third Quarter 2016 Results” on November 02, 2016, also Prnewswire.com with their article: “NN, Inc. to Hold Third Quarter Conference Call on Thursday, November 3, 2016” published on October 14, 2016, Reuters.com published: “BRIEF-NN Inc Q3 gaap earnings per share $0.15” on November 03, 2016. More interesting news about NN, Inc. (NASDAQ:NNBR) were released by: Prnewswire.com and their article: “NN, Inc. Reprices Term Loan” published on October 03, 2016 as well as Prnewswire.com‘s news article titled: “NN, Inc. Reports Second Quarter 2016 Results” with publication date: August 03, 2016.
NNBR Company Profile
NN, Inc., incorporated on October 12, 1993, is a diversified industrial firm and a maker of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Firm operates through three divisions: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.
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