NEW YORK ( TheStreet) -- Shares of NN (Nasdaq: NNBR) were gapping down Tuesday morning with an open price 16.4% lower than Monday's closing price. The stock closed at $8.84 Monday and opened today's trading at $7.39. The average volume for NN has been 231,700 shares per day over the past 30 days. NN has a market cap of $153.5 million and is part of the industrial goods sector and industrial industry. Shares are down 28.6% year to date as of the close of trading on Monday. NN, Inc. engages in the manufacture and sale of metal bearing, plastic and rubber, and precision metal components for bearing manufacturers worldwide. It operates in three segments: Metal Bearing Components, Plastic and Rubber Components, and Precision Metal Components. The company has a P/E ratio of 12.2, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates NN as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full NN Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.