GN Store Nord (OTCMKTS:GNNDY) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

GN Store Nord (OTCMKTS:GNNDY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.46 and traded as low as $44.4150. GN Store Nord shares last traded at $44.4150, with a volume of 87 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GNNDY shares. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Jefferies Financial Group lowered GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, 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, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

GN Store Nord Trading Down 1.9%

The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The company has a 50-day simple moving average of $45.46 and a 200 day simple moving average of $47.96. The firm has a market cap of $2.23 billion, a PE ratio of -36.71 and a beta of 1.66.

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 the consensus estimate of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%.The company had revenue of $606.94 million during the quarter, compared to analysts’ expectations of $614.94 million. As a group, sell-side analysts forecast that GN Store Nord will post 4.05 earnings per share for the current fiscal 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.