NN, Inc. - Value Alert
Texas (November 22, 2013) Wax Ink has issued a Positive Investment Interest opinion for NN, Inc. (Nasdaq: NNBR) based on a recent baseline equity review that placed fair value between $35-$40.
Positive (buy) investment interest means that the current key performance indicators (KPIs) favor investment consideration at this time.
The recent close of $18.23 is approximately 13% below the fair value buy target for the stock and approximately 58% below the fair value close target for the stock. The recent close is also 9% below analysts’ twelve-month $20.00 median price target for the stock.
The recent close represents a 138% increase in the one-year price of the stock, while year-over-year sales decreased 13%, year-over-year earnings increased 19%, year-over-year debt decreased 11%, and year-over-year free cash flow increased 25%.
The stock currently has a trailing twelve-month PE Ratio of 7, and a PEG Ratio of 0.7 basis estimated forward earnings growth of 9.5%.
In the past 52 weeks, share prices have moved between a high of $18.25 and a low of $7.65, placing equilibrium at $14.11.
With the recent close, the stock is trading 0% below the 52 week high, 58% above the 52 week low, and 23% above equilibrium.
The three-month average daily trading volume for this stock is, approximately 108,000 shares.
NN, Inc. is an independent global manufacturer of precision bearing components, industrial plastic and rubber products and precision metal components to a variety of markets, including the automotive industry, original equipment manufacturers, HVAC, and heavy equipment markets.
The company's listed competitors include Amatsuji Steel Ball Manufacturing, Hoover Precision Products,and Tsubaki Nakashima Company.
Financial information contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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