NN (NASDAQ:NNBR) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

NN, Inc. (NASDAQ:NNBR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

NN Stock Performance

The company has a market cap of $194.81 million, a PE ratio of -3.58 and a beta of 2.97. 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 business’s 50 day moving average is $3.86 and its two-hundred day moving average is $3.62.

Institutional Trading of NN

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in NN by 80.7% in the 2nd quarter. American Century Companies Inc. now owns 642,568 shares of the industrial products company’s stock worth $1,928,000 after purchasing an additional 287,060 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in NN during the second quarter valued at $1,032,000. Bank of New York Mellon Corp bought a new stake in NN in the 2nd quarter valued at $429,000. Legion Partners Asset Management LLC lifted its stake in NN by 11.9% in 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 in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of NN during the 2nd quarter valued at about $265,000. Institutional investors own 53.92% of the company’s stock.

NN Company Profile

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.