NN Inc. (NNBR) had a rough trading day for Wednesday November 06 as shares tumbled 8.79%, or a loss of $-0.725 per share, to close at $7.52. After opening the day at $8.14, shares of NN Inc. traded as high as $8.20 and as low as $7.36. Volume was 351,177 shares over 2,946 trades, against an average daily volume of n/a shares and a total float of 42.37 million.
As a result of the decline, NN Inc. now has a market cap of $318.6 million. In the last year, shares of NN Inc. have traded between a range of $12.77 and $5.55, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
NN Inc diversified industrial company that combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions, and components. It operates in three business segments: mobile solutions, power solutions, and life sciences. Mobile solutions segment involves growth in the general industrial and automotive end markets. Power solutions segment involves growth in the electrical and aerospace and defense end markets. Life sciences segment involves growth in the medical end market. The majority of its revenue is generated from mobile solutions segment in the United States region. It also operates in China, Mexico, Brazil, Germany, and other countries.
NN Inc. is based out of Charlotte, NC and has some 5,991 employees. Its CEO is Warren A. Veltman.
NN Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
