Stock News Summary: NN (NNBR)

NN (NNBR) changed 1.53% to recent value of $9.27. The stock transacted 160777 shares during most recent day however it has an average volume of 740.01K shares. It spotted trading -68.20% off 52-week high price. On the other end, the stock has been noted 67.03% away from the low price over the last 52-weeks.

NN, (NASDAQ: NNBR) publicized that Chief Financial Officer Thomas C. Burwell will be departing from the company.  Mr. Burwell has agreed to remain in his current role and assist with an orderly transition while a search for a replacement is conducted. NN will focus on external candidates to fill the role.

Richard Holder, President & Chief Executive Officer, commented, “I want to thank Tom for the significant contributions he has made to NN over the last 13 plus years.  He has been an important part of our transformation into the diversified industrial company we are today. As we enter the next phase of our strategic plan, we believe now is the right time to make this transition, and we wish Tom all the best in his future endeavors.”

Mr. Burwell added, “I have enjoyed my time at NN and believe the company is well positioned to deliver on its strategic objectives.  I look forward to working with the team to ensure a smooth transition and wish the company continued success.”

NN, a diversified industrial company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies for a variety of markets on a global basis.  Headquartered in Charlotte, North Carolina, NN has 51 facilities in North America, Western Europe, Eastern Europe, South America and China.

 NNBR has a gross margin of 24.20% and an operating margin of -1.70% while its profit margin remained 0.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -171.40% for this year while earning per share for the next 5-years is expected to reach at 15.00%.

 The company has 40.19M of outstanding shares and 40.19M shares were floated in the market. According to the most recent quarter its current ratio was 2.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.17% from the mean of 20 days, 27.30% from mean of 50 days SMA and performed -39.94% from mean of 200 days price. Company’s performance for the week was 8.04%, 33.57% for month and YTD performance remained 38.15%.

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