GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Should You Buy?

GN Store Nord (OTCMKTS:GNNDY) gapped up prior to trading on Monday. The stock had previously closed at $47.52, but opened at $49.14. GN Store Nord shares last traded at $49.15, with a volume of 400 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

GN Store Nord Trading Up 3.4%

The company has a market capitalization of $2.47 billion, a P/E ratio of -27.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business’s 50-day moving average price is $44.91 and its two-hundred day moving average price is $44.37.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The firm had revenue of $337.72 million during the quarter, compared to the consensus estimate of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. As a group, analysts forecast that GN Store Nord will post 0.79 EPS for the current fiscal year.

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.