NN (NASDAQ:NNBR) Stock Passes Above 200-Day Moving Average – Should You Sell?

NN, Inc. (NASDAQ:NNBR)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.62 and traded as high as $3.98. NN shares last traded at $3.90, with a volume of 226,736 shares.

NN Stock Up 0.3 %

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 50-day moving average of $3.86 and a 200 day moving average of $3.63. The stock has a market capitalization of $184.32 million, a price-to-earnings ratio of -3.39 and a beta of 2.97.

Institutional Investors Weigh In On NN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of NN by 80.7% during the second quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock valued at $1,928,000 after acquiring an additional 287,060 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in NN during the 2nd quarter valued at approximately $1,032,000. Bank of New York Mellon Corp acquired a new stake in NN during the 2nd quarter valued at approximately $429,000. Legion Partners Asset Management LLC increased its holdings in NN by 11.9% during the 2nd quarter. Legion Partners Asset Management LLC now owns 4,791,929 shares of the industrial products company’s stock worth $14,376,000 after purchasing an additional 510,000 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of NN in the 2nd quarter valued at approximately $265,000. Hedge funds and other institutional investors own 53.92% 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.