Company shares last traded at $30.65 just a bit higher than the 50 day moving average of $28.48 and much higher than the 200 day moving average of $27.77. The 50 day moving average went up by +7.64% whereas the 200 day moving average was up $2.88 or +10.37%. (NASDAQ:NNBR) shares saw light trading volume with 3,010 shares changing hands in the last trading session. Overall, volume was down 98.39% under the stocks normal daily volume.
Investors are feeling more bullish on shares of NN, Inc. as indicated by the change in short interest. The company recorded a fall in short interest of -32.35% between September 15, 2017 and September 29, 2017. Short shares fell from 968,899 to 655,494 over that timeframe. Days to cover decreased -1.0 to 6.0 and the percentage of shorted shares was 0.02% on September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (NNBR). James Investment Research Inc divested its holdings by shedding 330 shares a decrease of 0.7%. James Investment Research Inc claims 49,030 shares valued at $1,422,000. The value of the position overall is up by 4.9%. As of the end of the quarter Meeder Asset Management Inc had bought a total of 65 shares growing its position 250.0%. The value in dollars went from $1,000 to $3,000 a change of 200.0% for the reporting period.
As of quarter end Bank Of Montreal /can/ had disposed of 554 shares trimming its holdings by 17.2%. The value of the investment in (NNBR) decreased from $89,000 to $78,000 a change of $11,000 since the last quarter. Skylands Capital, LLC reduced its stake by selling 48,350 shares a decrease of 10.3% from 06/30/2017 to 09/30/2017. Skylands Capital, LLC now controls 421,000 shares with a value of $12,209,000. The total value of its holdings decreased 5.2%.
The company is down since yesterday’s close of 30.7. NN, Inc. also announced a dividend for shareholders paid on Friday the 15th of September 2017. The dividend payment was $0.070 per share for the quarter which comes to $0.28 on an annualized basis. This dividend represents a yield of $0.91 which is the dividend as a percentage of the current share price. The ex-dividend date was Wednesday the 30th of August 2017.
In the last earnings report the EPS was $-0.26 and is expected to be $1.60 for the current year with 27,540,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.34 and the next full year EPS is projected to be $1.80.
NN, Inc., launched on October 12, 1993, is a diversified industrial company and a global manufacturer of high precision bearing components, industrial plastic products and precision metal components to a range of markets on a global basis. The Company operates through three segments: the Precision Bearing Components Group, the Precision Engineered Products Group and the Autocam Precision Components Group..