Weakness Seen in NN Inc. (NNBR): Stock Falls 5.5% - Tale of the Tape

by Zacks, Benzinga Contributor
November 13, 2014 9:06 AM | 2 min read |
 
NN Inc. (NNBR) saw a big move in the last trading session, as the company's shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for NNBR, as the stock is now down nearly 17% since Oct 31.

This slump shouldn't be too much of a surprise to investors, as the company, independent manufacturer and supplier of high quality, precision steel balls and rollers, has seen 1 negative revision in the past few weeks and its current year earnings consensus has also moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

NNBR currently holds a Zacks Rank #4 (Sell).

Investors interested in the Metal Processing & Fabrication industry may consider better-ranked stocks like Worthington Industries, Inc. (WOR), Century Aluminum Co. (CENX) and Norsk Hydro ASA (NHYDY). While Worthington holds a Zacks Rank #1 (Strong Buy), Century and Norsk Hydro both carry a Zacks Rank #2 (Buy).

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NN INC (NNBR): Free Stock Analysis Report
 
WORTHINGTON IND (WOR): Free Stock Analysis Report
 
CENTURY ALUM CO (CENX): Free Stock Analysis Report
 
NORSK HYDRO ADR (NHYDY): Get Free Report
 
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