NN (NNBR) Expected to Announce Quarterly Earnings on Wednesday

NN (NASDAQ:NNBR) is expected to be posting its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of ($0.06) per share and revenue of $108.60 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NN Price Performance

Shares of NNBR stock opened at $3.00 on Wednesday. NN has a 52 week low of $2.38 and a 52 week high of $5.20. The stock has a market capitalization of $149.84 million, a PE ratio of -2.75, a PEG ratio of 2.01 and a beta of 2.98. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.96. The stock’s fifty day moving average is $3.13 and its 200-day moving average is $3.56.

Insider Buying and Selling

In other NN news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the transaction, the insider now owns 810,567 shares of the company’s stock, valued at approximately $3,136,894.29. This represents a 34.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.85% of the stock is owned by corporate insiders.

NN Company Profile

NN, Inc, together with its subsidiaries, designs, manufactures, and sells high-precision components and assemblies for various end markets in the United States and internationally. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for automotive, general industrial, and medical end markets for use in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as in heating, ventilation, and air conditioning.