NN, Inc. (NASDAQ:NNBR) Director Buys $20,232.19 in Stock

NN, Inc. (NASDAQ:NNBRGet Rating) Director Christina Carroll acquired 10,483 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average price of $1.93 per share, for a total transaction of $20,232.19. Following the purchase, the director now owns 91,231 shares of the company’s stock, valued at approximately $176,075.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NN Price Performance

Shares of NASDAQ NNBR remained flat at $1.95 during mid-day trading on Thursday. 197,433 shares of the company traded hands, compared to its average volume of 189,047. NN, Inc. has a twelve month low of $1.62 and a twelve month high of $5.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.53 and a current ratio of 2.60. The company has a market cap of $85.55 million, a price-to-earnings ratio of -3.68 and a beta of 2.79. The firm’s 50 day moving average price is $2.01 and its 200-day moving average price is $2.39.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of NN in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Trading of NN

A number of hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. bought a new stake in shares of NN during the first quarter valued at approximately $32,000. Prudential Financial Inc. acquired a new position in shares of NN in the 2nd quarter valued at $39,000. Y Intercept Hong Kong Ltd bought a new position in shares of NN during the 2nd quarter worth about $47,000. Cubist Systematic Strategies LLC acquired a new stake in shares of NN during the 2nd quarter valued at about $71,000. Finally, Price T Rowe Associates Inc. MD raised its position in NN by 27.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 67,320 shares of the industrial products company’s stock worth $116,000 after purchasing an additional 14,400 shares in the last quarter. Institutional investors own 79.37% of the company’s stock.

NN Company Profile

(Get Rating)

NN, Inc, a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for general industrial and automotive end markets.

Further Reading

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

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