Could NN, Inc. (NNBR) Crash Even More? The Stock Had Another Big Decline Today

Investors sentiment increased to 1.73 in 2019 Q1. Its up 0.50, from 1.23 in 2018Q4. It increased, as 8 investors sold NN, Inc. shares while 22 reduced holdings. 14 funds opened positions while 38 raised stakes. 34.97 million shares or 4.49% less from 36.61 million shares in 2018Q4 were reported.
Rbf Capital Lc has invested 0.01% of its portfolio in NN, Inc. (NASDAQ:NNBR). Massachusetts-based Boston Prtnrs has invested 0% in NN, Inc. (NASDAQ:NNBR). Manufacturers Life The invested in 28,174 shares or 0% of the stock. Legal General Grp Public Ltd Limited Liability Company holds 7,303 shares or 0% of its portfolio. 2,372 are held by National Bank Of Montreal Can. Us Savings Bank De owns 8,526 shares for 0% of their portfolio. Paradigm Capital Mgmt Incorporated Ny stated it has 1.41% in NN, Inc. (NASDAQ:NNBR). Guyasuta Invest Advsr Incorporated stated it has 0.09% of its portfolio in NN, Inc. (NASDAQ:NNBR). Alliancebernstein Ltd Partnership invested in 31,600 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Jump Trading Ltd has 0.05% invested in NN, Inc. (NASDAQ:NNBR) for 21,900 shares. Glenmede Trust Na has 0% invested in NN, Inc. (NASDAQ:NNBR) for 2,863 shares. Metropolitan Life Insur New York reported 0.01% in NN, Inc. (NASDAQ:NNBR). American has invested 0% in NN, Inc. (NASDAQ:NNBR). Smith Graham Communications Inv Advsrs Lp holds 0.9% or 1.09 million shares in its portfolio.

Since June 19, 2019, it had 1 insider buy, and 0 sales for $25,950 activity.

The stock of NN, Inc. (NASDAQ:NNBR) is a huge mover today! The stock decreased 6.26% or $0.41 during the last trading session, reaching $6.14. About 164,284 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 58.74% since August 14, 2018 and is downtrending. It has underperformed by 58.74% the S&P500.
The move comes after 5 months negative chart setup for the $260.13M company. It was reported on Aug, 14 by Barchart.com. We have $5.71 PT which if reached, will make NASDAQ:NNBR worth $18.21M less.

NN, Inc. (NASDAQ:NNBR) Ratings Coverage

Among 2 analysts covering NN Inc (NASDAQ:NNBR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. NN Inc had 4 analyst reports since March 15, 2019 according to SRatingsIntel. The rating was maintained by SunTrust on Monday, March 18 with “Buy”. The firm has “Hold” rating given on Friday, March 15 by Robert W. Baird.

More notable recent NN, Inc. (NASDAQ:NNBR) news were published by: Prnewswire.com which released: “NN, Inc. Reports First Quarter 2019 Results – PRNewswire” on May 09, 2019, also Nasdaq.com with their article: “NN, Inc. (NNBR) Ex-Dividend Date Scheduled for February 14, 2019 – Nasdaq” published on February 13, 2019, Finance.Yahoo.com published: “Introducing NN (NASDAQ:NNBR), The Stock That Tanked 72% – Yahoo Finance” on July 20, 2019. More interesting news about NN, Inc. (NASDAQ:NNBR) were released by: Seekingalpha.com and their article: “NN slides in pre-market on Q4 earnings miss – Seeking Alpha” published on March 14, 2019 as well as Seekingalpha.com‘s news article titled: “Manitowoc, Ampco-Pittsburgh among industrial gainers; Axon Enterprise leads the losers – Seeking Alpha” with publication date: August 09, 2019.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $260.13 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It currently has negative earnings. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart

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