GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $45.45, but opened at $47.68. GN Store Nord shares last traded at $47.68, with a volume of 100 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GNNDY shares. 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 research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Trading Up 2.7%

The stock has a 50-day simple moving average of $45.03 and a two-hundred day simple moving average of $48.80. The firm has a market cap of $2.40 billion, a PE ratio of 23.20 and a beta of 1.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.16). The firm had revenue of $738.87 million for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that GN Store Nord will post 4.93 EPS for the current year.

About GN Store Nord

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.