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NN (NASDAQ:NNBR) Shares Cross Above 200-Day Moving Average - Time to Sell?
Shares of NN, Inc. (NASDAQ:NNBR) briefly traded above their 200-day moving average of $1.77, reaching $1.80 before settling at $1.74 with a volume of 346,744 shares. Despite a recent “sell” reiteration from Weiss Ratings, the stock holds a consensus “Hold” rating and a $4.00 price target from analysts. The company, a small-cap industrial manufacturer with an $87.35 million market cap, has a negative P/E ratio and significant institutional ownership.