GN Store Nord (OTCMKTS:GNNDY) Shares Pass Below 50 Day Moving Average on Analyst Downgrade

GN Store Nord (OTCMKTS:GNNDY) shares crossed below its fifty day moving average during trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a fifty day moving average of $45.20 and traded as low as $40.34. GN Store Nord shares last traded at $40.34, with a volume of 321 shares changing hands.

A number of other research analysts also recently weighed in on GNNDY. Jefferies Financial Group downgraded shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Stock Performance

The company has a 50-day moving average price of $45.09 and a two-hundred day moving average price of $47.03. The stock has a market capitalization of $2.05 billion, a P/E ratio of -33.64 and a beta of 1.65. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The firm had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. Equities analysts expect that GN Store Nord will post 0.79 earnings per share 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.