NN (NNBR) Getting Somewhat Favorable Press Coverage, Analysis Shows

Headlines about NN (NASDAQ:NNBR) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. NN earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.1629022614561 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern’s rankings:

A number of brokerages have commented on NNBR. Stifel Nicolaus restated a “hold” rating and issued a $29.00 target price on shares of NN in a research note on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $36.00 target price on shares of NN in a research note on Sunday, September 17th. BidaskClub downgraded NN from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. William Blair restated a “market perform” rating on shares of NN in a research note on Tuesday, July 11th. Finally, Zacks Investment Research cut NN from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.00.

NN (NASDAQ NNBR) traded up 0.67% during trading on Wednesday, hitting $30.00. The company had a trading volume of 8,684 shares. The stock has a 50-day moving average of $27.69 and a 200-day moving average of $27.54. The stock’s market capitalization is $826.20 million. NN has a one year low of $13.43 and a one year high of $31.65.

NN (NASDAQ:NNBR) last announced its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $225.88 million during the quarter, compared to analysts’ expectations of $221.00 million. NN had a positive return on equity of 14.58% and a negative net margin of 0.77%. NN’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. On average, equities analysts anticipate that NN will post $1.60 EPS for the current year.

In related news, insider Thomas C. Jr. Burwell sold 6,000 shares of NN stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $27.38, for a total transaction of $164,280.00. Following the completion of the transaction, the insider now owns 37,881 shares in the company, valued at $1,037,181.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven T. Warshaw sold 3,000 shares of NN stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $27.78, for a total value of $83,340.00. Following the transaction, the director now owns 57,732 shares of the company’s stock, valued at approximately $1,603,794.96. The disclosure for this sale can be found here. Insiders have sold 16,000 shares of company stock valued at $436,660 in the last quarter. 3.32% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for NN (NASDAQ:NNBR)

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