NN (NNBR) Projected to Post Earnings on Wednesday

NN (NASDAQ:NNBR) is projected to release its earnings data after the market closes on Wednesday, March 5th. Analysts expect NN to post earnings of ($0.06) per share and revenue of $108.60 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

NN Trading Up 3.1 %

NNBR stock opened at $3.00 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.18 and a debt-to-equity ratio of 1.27. The firm has a market cap of $149.84 million, a P/E ratio of -2.75, a P/E/G ratio of 2.01 and a beta of 2.98. NN has a 1-year low of $2.38 and a 1-year high of $5.20. The business’s 50 day moving average is $3.13 and its 200-day moving average is $3.56.

Insider Buying and Selling at NN

In related news, major shareholder Corre Partners Management, Llc sold 427,630 shares of NN stock in a transaction dated 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 directly owns 810,567 shares of the company’s stock, valued at $3,136,894.29. This trade represents a 34.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.85% of the company’s stock.

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.