NN (NNBR) Given Daily Coverage Optimism Rating of 0.08

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Media stories about NN (NASDAQ:NNBR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NN earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.4193944787999 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

NNBR opened at $21.30 on Thursday. NN has a twelve month low of $18.05 and a twelve month high of $32.90. The company has a debt-to-equity ratio of 1.62, a current ratio of 3.77 and a quick ratio of 3.02. The company has a market capitalization of $580.99 million, a P/E ratio of 13.74 and a beta of 1.02.

NN (NASDAQ:NNBR) last posted its earnings results on Wednesday, August 8th. The industrial products company reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. NN had a return on equity of 9.02% and a net margin of 3.35%. The firm had revenue of $196.30 million during the quarter, compared to analyst estimates of $197.21 million. During the same period in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. equities analysts expect that NN will post 1.65 earnings per share for the current year.

Several equities analysts have weighed in on NNBR shares. BidaskClub raised NN from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. Zacks Investment Research raised NN from a “sell” rating to a “hold” rating and set a $26.00 target price on the stock in a research note on Tuesday, May 15th. Finally, ValuEngine raised NN from a “sell” rating to a “hold” rating in a research note on Saturday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. NN has a consensus rating of “Hold” and an average target price of $27.33.

NN Company Profile

NN, Inc, a diversified industrial company, designs and manufactures high-precision components and assemblies in the United States, Europe, Asia, Canada, Mexico, South America, and internationally. It operates through Autocam Precision Components Group and Precision Engineered Products Group segments.

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