NN (NASDAQ:NNBR) Releases Quarterly Earnings Results

NN (NASDAQ:NNBR) issued its quarterly earnings results on Wednesday. The industrial products company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04, Zacks reports. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. NN updated its FY 2025 guidance to EPS.

NN Trading Down 0.4 %

Shares of NNBR stock traded down $0.01 during mid-day trading on Wednesday, hitting $2.70. 199,047 shares of the company’s stock were exchanged, compared to its average volume of 858,615. The stock has a market cap of $134.85 million, a price-to-earnings ratio of -2.48, a PEG ratio of 2.01 and a beta of 2.98. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 1.27. NN has a fifty-two week low of $2.38 and a fifty-two week high of $5.20. The stock has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $3.54.

Insider Buying and Selling

In related news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.85% of the stock is currently owned by company insiders.

About NN

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.