NN (NASDAQ:NNBR) released its quarterly earnings data on Thursday. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03), Briefing.com reports. NN had a positive return on equity of 8.04% and a negative net margin of 30.86%. The business had revenue of $213.90 million during the quarter, compared to analyst estimates of $216.32 million. During the same period in the previous year, the company earned $0.30 EPS. NN’s revenue was up 4.0% on a year-over-year basis.
Shares of NN stock traded up $1.08 during trading hours on Friday, hitting $8.77. The company’s stock had a trading volume of 735,200 shares, compared to its average volume of 312,731. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 2.42. The company has a market capitalization of $349.32 million, a PE ratio of 7.50 and a beta of 1.71. The business has a fifty day moving average of $7.07 and a 200 day moving average of $7.81. NN has a 1-year low of $5.55 and a 1-year high of $11.70.
Several research firms have recently issued reports on NNBR. BidaskClub raised shares of NN from a “sell” rating to a “hold” rating in a research report on Wednesday, October 16th. Zacks Investment Research raised shares of NN from a “sell” rating to a “hold” rating in a research report on Friday, October 11th. Finally, ValuEngine lowered shares of NN from a “sell” rating to a “strong sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $11.25.
NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.
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