NN (NASDAQ:NNBR) Posts Earnings Results, Beats Estimates By $0.04 EPS

NN (NASDAQ:NNBR) released its earnings results on Wednesday. The industrial products company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04, Zacks reports. NN had a negative net margin of 8.05% and a negative return on equity of 10.61%. NN updated its FY 2025 guidance to EPS.

NN Stock Down 0.4 %

Shares of NN stock traded down $0.01 during trading on Wednesday, hitting $2.70. 200,547 shares of the stock were exchanged, compared to its average volume of 858,765. The stock has a market cap of $134.85 million, a price-to-earnings ratio of -2.48, a price-to-earnings-growth ratio of 2.01 and a beta of 2.98. The firm’s 50-day moving average price is $3.06 and its 200 day moving average price is $3.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.96 and a quick ratio of 1.18. NN has a 12-month low of $2.38 and a 12-month high of $5.20.

Insider Buying and Selling at NN

In other news, major shareholder Corre Partners Management, Llc sold 427,630 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $3.87, for a total transaction of $1,654,928.10. Following the completion of the transaction, the insider now directly owns 810,567 shares of the company’s stock, valued at approximately $3,136,894.29. This represents a 34.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.85% of the stock is owned by insiders.

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.