It Seems NN, Inc. (NNBR) Will Go Up. Have Another Big Increase

Investors sentiment decreased to 0.84 in Q2 2019. Its down 0.89, from 1.73 in 2019Q1. It turned negative, as 14 investors sold NN, Inc. shares while 30 reduced holdings. 9 funds opened positions while 28 raised stakes. 34.20 million shares or 2.19% less from 34.97 million shares in 2019Q1 were reported.
Deutsche Bancshares Ag holds 0% or 95,132 shares in its portfolio. 550,149 were accumulated by Geode Capital Management Lc. State Street has 1.04 million shares for 0% of their portfolio. Invesco Limited has 0% invested in NN, Inc. (NASDAQ:NNBR) for 114,116 shares. Pnc Serv Gru holds 0% of its portfolio in NN, Inc. (NASDAQ:NNBR) for 345 shares. Hsbc Pcl has 10,229 shares for 0% of their portfolio. Private holds 1.39% or 2.77M shares in its portfolio. Elk Creek Prtn Lc reported 1.40 million shares. Goldman Sachs Gp Incorporated invested in 23,533 shares or 0% of the stock. Earnest Ptnrs Limited Company stated it has 4,900 shares. Citadel Advsrs Ltd Llc owns 32,822 shares for 0% of their portfolio. Barclays Public Limited Company has invested 0% of its portfolio in NN, Inc. (NASDAQ:NNBR). Swiss Comml Bank invested in 76,680 shares. Guyasuta has invested 0.12% of its portfolio in NN, Inc. (NASDAQ:NNBR). Glenmede Na stated it has 0% of its portfolio in NN, Inc. (NASDAQ:NNBR).

Since June 19, 2019, it had 1 buy, and 0 selling transactions for $25,950 activity.

The stock of NN, Inc. (NASDAQ:NNBR) is a huge mover today! The stock increased 6.92% or $0.56 during the last trading session, reaching $8.65. About 190,198 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 58.74% since September 13, 2018 and is downtrending. It has underperformed by 58.74% the S&P500.
The move comes after 7 months positive chart setup for the $396.58M company. It was reported on Sep, 13 by Barchart.com. We have $9.00 PT which if reached, will make NASDAQ:NNBR worth $15.86 million more.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on November, 6. They expect $0.31 EPS, up 3.33 % or $0.01 from last year’s $0.3 per share. NNBR’s profit will be $14.21M for 6.98 P/E if the $0.31 EPS becomes a reality. After $0.25 actual EPS reported by NN, Inc. for the previous quarter, Wall Street now forecasts 24.00 % EPS growth.

NN, Inc. (NASDAQ:NNBR) Ratings Coverage

Among 2 analysts covering NN Inc (NASDAQ:NNBR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. NN Inc has $16 highest and $9 lowest target. $12.50’s average target is 44.51% above currents $8.65 stock price. NN Inc had 4 analyst reports since March 15, 2019 according to SRatingsIntel. The stock of NN, Inc. (NASDAQ:NNBR) has “Buy” rating given on Monday, March 18 by SunTrust. Robert W. Baird maintained the stock with “Hold” rating in Friday, March 15 report.

More notable recent NN, Inc. (NASDAQ:NNBR) news were published by: Finance.Yahoo.com which released: “NN (NNBR) Q2 2019 Earnings Call Transcript – Yahoo Finance” on August 09, 2019, also Nasdaq.com with their article: “NN Inc. (NNBR) Q4 Earnings and Revenues Lag Estimates – Nasdaq” published on March 14, 2019, Seekingalpha.com published: “NN appoints Thomas Debyle as new CFO – Seeking Alpha” on August 27, 2019. More interesting news about NN, Inc. (NASDAQ:NNBR) were released by: Prnewswire.com and their article: “NN, Inc. to Close Facility in Fairfield, Ohio – PRNewswire” published on August 15, 2019 as well as Finance.Yahoo.com‘s news article titled: “Introducing NN (NASDAQ:NNBR), The Stock That Tanked 72% – Yahoo Finance” with publication date: July 20, 2019.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $396.58 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It currently has negative earnings. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart

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