NN, (NASDAQ:NNBR) spotted trading -76.67% off 52-week high price. On the other end, the stock has been noted 102.97% away from the low price over the last 52-weeks. The stock changed 3.02% to recent value of $2.73. The stock transacted 474230 shares during most recent day however it has an average volume of 750.21K shares. The company has 49.00M of outstanding shares and 41.67M shares were floated in the market.

On May 07, 2020, NN, (NASDAQ:NNBR) a diversified industrial company, released its financial results for the first quarter ended March 31, 2020.

GAAP Results

Net sales for the first quarter of 2020 decreased $13.5 million, or 6.3%, to $199.7 million, compared to $213.3 million for the first quarter of 2019, driven by a decrease in organic volume of $11.4 million, as a result of decreases in core volumes in the orthopaedic, automotive, and electrical end markets; unfavorable foreign exchange effects of $2.1 million; and decreased demand across all segments related to the COVID-19 pandemic.

On a GAAP basis, loss from operations for the first quarter of 2020 was $245.3 million, compared to a loss from operations of $0.3 million for the same period in 2019.  In the first quarter of 2020, the loss from operations included a goodwill impairment charge of $239.7 million, which negatively impacted Life Sciences by $146.8 million and Power Solutions by $92.9 million.  This negative impact was partially offset by a decrease in selling, general and administrative expense of $3.3 million, compared to the first quarter of 2019, primarily due to cost reduction initiatives that drove decreases in personnel costs and travel costs.

Net loss on a GAAP basis for the first quarter of 2020 was $248.2 million, compared to net loss on a GAAP basis of $19.5 million in the first quarter of 2019.

On a GAAP basis, loss from operations for first quarter 2020 in the Life Sciences segment was $141.0 million, compared to income from operations of $3.8 million for the same period in 2019.

Its earnings per share (EPS) expected to touch remained 86.40% for this year while earning per share for the next 5-years is expected to reach at 15.00%. NNBR has a gross margin of 24.30% and an operating margin of 0.80% while its profit margin remained -5.60% for the last 12 months.

According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.10% from the mean of 20 days, -19.95% from mean of 50 days SMA and performed -59.99% from mean of 200 days price. Company’s performance for the week was -20.87%, 75.00% for month and YTD performance remained -70.49%.