Somewhat Positive Press Coverage Somewhat Unlikely to Affect NN (NNBR) Share Price

News stories about NN (NASDAQ:NNBR) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NN earned a news impact score of 0.06 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.3217680703646 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

NN (NNBR) opened at $27.50 on Monday. The firm has a market cap of $758.26, a price-to-earnings ratio of 16.98 and a beta of 0.64. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. NN has a 52 week low of $17.70 and a 52 week high of $32.90.

NN (NASDAQ:NNBR) last announced its earnings results on Wednesday, November 1st. The industrial products company reported $0.29 earnings per share for the quarter, meeting the consensus estimate of $0.29. The business had revenue of $148.16 million during the quarter, compared to the consensus estimate of $150.50 million. NN had a negative net margin of 1.76% and a positive return on equity of 12.72%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. analysts anticipate that NN will post 1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.02%. NN’s dividend payout ratio (DPR) is presently -54.90%.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of NN from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. BidaskClub downgraded shares of NN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. KeyCorp reiterated a “buy” rating and set a $36.00 price objective on shares of NN in a research note on Sunday, September 17th. Finally, William Blair reiterated a “market perform” rating on shares of NN in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. NN has a consensus rating of “Hold” and an average target price of $33.00.

In other news, insider Thomas C. Jr. Burwell sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $32.00, for a total value of $64,000.00. Following the completion of the transaction, the insider now directly owns 35,381 shares in the company, valued at $1,132,192. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Floyd bought 1,865 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was purchased at an average price of $26.98 per share, with a total value of $50,317.70. The disclosure for this purchase can be found here. 2.80% 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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