NN (NASDAQ:NNBR) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of NN, Inc. (NASDAQ:NNBR) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.53 and traded as high as $3.73. NN shares last traded at $3.68, with a volume of 291,063 shares changing hands.

NN Price Performance

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 stock has a market capitalization of $188.30 million, a PE ratio of -3.46 and a beta of 2.96. The firm has a 50 day moving average of $3.75 and a two-hundred day moving average of $3.53.

Institutional Investors Weigh In On NN

Hedge funds and other institutional investors have recently modified their holdings of the company. Moss Adams Wealth Advisors LLC acquired a new position in NN in the 3rd quarter valued at $43,000. SG Americas Securities LLC purchased a new position in NN during the first quarter worth about $53,000. BNP Paribas Financial Markets grew its holdings in NN by 41.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,103 shares of the industrial products company’s stock valued at $43,000 after buying an additional 3,251 shares during the period. Kolinsky Wealth Management LLC acquired a new position in shares of NN during the 3rd quarter valued at about $56,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of NN during the 2nd quarter worth about $61,000. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

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.