GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down on Disappointing Earnings

GN Store Nord (OTCMKTS:GNNDY) gapped down before the market opened on Friday following a weaker than expected earnings announcement. The stock had previously closed at $50.58, but opened at $45.01. GN Store Nord shares last traded at $45.66, with a volume of 211 shares.

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 analysts’ expectations of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.38%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Barclays upgraded shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 24th. Finally, Zacks Research lowered GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, GN Store Nord currently has a consensus rating of “Hold”.

GN Store Nord Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.82. The stock’s 50-day moving average is $50.86 and its 200 day moving average is $50.74.

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.