GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – Here’s What Happened

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped down before the market opened on Tuesday . The stock had previously closed at $51.95, but opened at $48.9850. GN Store Nord shares last traded at $48.9850, with a volume of 100 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group lowered GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Zacks Research lowered GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, GN Store Nord presently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 23.86 and a beta of 1.86. The company has a fifty day moving average price of $45.28 and a two-hundred day moving average price of $48.78.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.16). The firm had revenue of $738.87 million during the quarter, compared to analyst estimates of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. As a group, equities research analysts expect that GN Store Nord will post 4.05 EPS for the current year.

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark?based technology company specializing in intelligent audio solutions. The group operates through two primary business units: GN Hearing, which develops and manufactures advanced hearing aids and associated hearing care technologies, and GN Audio, which produces professional and consumer headsets under the Jabra brand. GN Store Nord’s product portfolio spans digital hearing devices, wireless headsets, speakerphones and earbuds, all designed to enhance communication and improve listening experiences for individuals and enterprises alike.

Under the GN Hearing division, the company offers a range of hearing aids and wireless accessories that leverage digital signal processing, artificial intelligence and direct audio streaming.