NN Inc. (NNBR) Soars 5.93%

NN Inc. (NNBR) Soars 5.93%

NN Inc. (NNBR) had a good day on the market for Tuesday November 12 as shares jumped 5.93% to close at $9.74. About 555,973 shares traded hands on 4,706 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.37 million. After opening the trading day at $9.05, shares of NN Inc. stayed within a range of $9.83 to $8.72.

With today’s gains, NN Inc. now has a market cap of $412.44 million. Shares of NN Inc. have been trading within a range of $11.70 and $5.56 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $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 also 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.

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