NN (NNBR) Earning Somewhat Favorable Press Coverage, Accern Reports
Media stories about NN (NASDAQ:NNBR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NN earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.0079175414705 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- BRIEF-Tuniu announces $100 mln share repurchase program (feeds.reuters.com)
- FY2019 EPS Estimates for NN, Inc. Raised by SunTrust Banks (NNBR) (americanbankingnews.com)
- BRIEF-Educational Development Corp reports Q3 earnings per share of $0.52 (feeds.reuters.com)
- UK PM tells bankers they are a priority for Brexit – sources (feeds.reuters.com)
- Austrian president seeks to reassure Holocaust survivors on government (feeds.reuters.com)
Shares of NN (NASDAQ:NNBR) opened at $28.45 on Friday. NN has a one year low of $17.70 and a one year high of $32.90. The company has a quick ratio of 2.72, a current ratio of 3.16 and a debt-to-equity ratio of 1.80. The stock has a market cap of $758.27, a price-to-earnings ratio of -31.26 and a beta of 0.64.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.98%. NN’s payout ratio is -30.77%.
NNBR has been the subject of a number of recent research reports. KeyCorp restated a “buy” rating and set a $36.00 price target on shares of NN in a research note on Friday, October 20th. ValuEngine lowered shares of NN from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub lowered shares of NN from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of NN from a “sell” rating to a “hold” rating in a research note on Thursday, November 30th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. NN has an average rating of “Hold” and an average target price of $34.00.
In other news, insider Thomas C. Jr. Burwell sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $32.00, for a total value of $64,000.00. Following the completion of the sale, the insider now owns 35,381 shares in the company, valued at approximately $1,132,192. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Floyd bought 1,865 shares of NN stock in a transaction dated Friday, December 1st. The stock was purchased at an average price of $26.98 per share, with a total value of $50,317.70. The disclosure for this purchase can be found here. Corporate insiders own 3.32% of the company’s stock.
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NN, Inc is a diversified industrial company and a global manufacturer of high precision components and assemblies to a range of markets on a global basis. The Company’s operating segments include: the Precision Engineered Products Group and the Autocam Precision Components Group. Precision Engineered Products Group combines materials science capability with engineering and production solutions to design and manufacture a range of high-precision metal and plastic components, assemblies and finished devices for the medical, electrical, automotive and aerospace end markets.
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