NN, Inc. (NASDAQ:NNBR – Get Free Report) major shareholder Corre Partners Management, Llc sold 55,483 shares of NN stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $2.21, for a total value of $122,617.43. Following the sale, the insider directly owned 586,197 shares of the company’s stock, valued at approximately $1,295,495.37. The trade was a 8.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Corre Partners Management, Llc also recently made the following trade(s):
- On Wednesday, April 22nd, Corre Partners Management, Llc sold 94,380 shares of NN stock. The stock was sold at an average price of $2.30, for a total value of $217,074.00.
- On Monday, April 20th, Corre Partners Management, Llc sold 79,757 shares of NN stock. The stock was sold at an average price of $2.24, for a total value of $178,655.68.
- On Friday, April 17th, Corre Partners Management, Llc sold 348,161 shares of NN stock. The shares were sold at an average price of $2.29, for a total value of $797,288.69.
- On Thursday, April 16th, Corre Partners Management, Llc sold 40,030 shares of NN stock. The shares were sold at an average price of $2.04, for a total value of $81,661.20.
- On Wednesday, April 15th, Corre Partners Management, Llc sold 315,436 shares of NN stock. The stock was sold at an average price of $2.06, for a total value of $649,798.16.
NN Price Performance
Shares of NNBR traded up $0.17 during trading hours on Wednesday, hitting $2.36. 1,110,874 shares of the company were exchanged, compared to its average volume of 1,102,762. The company has a quick ratio of 1.09, a current ratio of 1.83 and a debt-to-equity ratio of 4.52. NN, Inc. has a fifty-two week low of $1.10 and a fifty-two week high of $2.63. The company has a market cap of $118.45 million, a price-to-earnings ratio of -2.21, a P/E/G ratio of 0.42 and a beta of 2.21. The firm’s fifty day moving average is $1.59 and its 200 day moving average is $1.53.
Hedge Funds Weigh In On NN
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NN in a research note on Thursday, January 22nd. Zacks Research downgraded NN from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, B. Riley Financial dropped their price target on NN from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, March 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $3.00.
Check Out Our Latest Stock Report on NNBR
NN Company Profile
NN, Inc (NASDAQ: NNBR) is a diversified industrial manufacturing company specializing in engineered metal components, powder metal parts and friction materials. Through its subsidiaries, the company develops and produces precision-rolled products for powertrain and chassis applications, engineered friction products for brake and transmission systems, and various metal powders used in automotive, industrial and energy markets. Its offerings span a wide range of component sizes and complexity, from thin?gauge strips for hybrid and electric vehicle applications to high?volume sintered parts for commercial and consumer products.
The company’s operations are organized into three business segments.
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