BidaskClub downgraded shares of NN, Inc. (NASDAQ:NNBR) from a hold rating to a sell rating in a research note published on Thursday morning.

Several other equities analysts have also weighed in on the stock. SunTrust Banks, Inc. initiated coverage on shares of NN in a research report on Thursday, June 15th. They issued a buy rating and a $37.00 price objective on the stock. They noted that the move was a valuation call. ValuEngine raised shares of NN from a hold rating to a buy rating in a research report on Friday, June 2nd. TheStreet raised shares of NN from a c+ rating to a b rating in a research report on Monday, June 5th. Zacks Investment Research lowered shares of NN from a hold rating to a sell rating in a research report on Wednesday, July 12th. Finally, William Blair reissued a market perform rating on shares of NN in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.67.

NN (NASDAQ NNBR) remained flat at $27.65 on Thursday. The stock had a trading volume of 36,664 shares. The company’s 50 day moving average is $28.36 and its 200 day moving average is $25.07. NN has a 52 week low of $13.43 and a 52 week high of $31.65. The stock has a market cap of $759.41 million, a PE ratio of 45.33 and a beta of 0.63.

NN (NASDAQ:NNBR) last issued its quarterly earnings data on Thursday, May 4th. The industrial products company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The company had revenue of $226.31 million for the quarter, compared to analyst estimates of $215.86 million. NN had a net margin of 2.00% and a return on equity of 14.04%. Equities research analysts predict that NN will post $1.61 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in NN by 10.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,667 shares of the industrial products company’s stock worth $143,000 after buying an additional 530 shares in the last quarter. Bank of Montreal Can acquired a new position in NN during the first quarter worth approximately $162,000. US Bancorp DE raised its position in NN by 4.5% in the first quarter. US Bancorp DE now owns 10,522 shares of the industrial products company’s stock worth $265,000 after buying an additional 457 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in NN during the fourth quarter worth approximately $220,000. Finally, American International Group Inc. raised its position in NN by 7.1% in the first quarter. American International Group Inc. now owns 16,153 shares of the industrial products company’s stock worth $407,000 after buying an additional 1,064 shares in the last quarter. 96.26% of the stock is currently owned by institutional investors and hedge funds.

NN Company Profile

NN, Inc is a diversified industrial company and a manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group.

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