GN Store Nord (OTCMKTS:GNNDY) Trading 6.5% Higher – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s share price rose 6.5% on Friday . The stock traded as high as $45.18 and last traded at $45.05. Approximately 815 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 590 shares. The stock had previously closed at $42.30.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GNNDY. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Zacks Research cut GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Jefferies Financial Group downgraded GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

GN Store Nord Stock Up 4.6%

The business’s fifty day moving average is $47.60 and its two-hundred day moving average is $49.89. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 21.48 and a beta of 1.94. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79.

GN Store Nord (OTCMKTS:GNNDY) last released its 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). GN Store Nord had a return on equity of 6.31% and a net margin of 3.97%.The business had revenue of $738.87 million for the quarter, compared to analyst estimates of $760.79 million. Equities analysts forecast that GN Store Nord will post 4.93 earnings per share for the current fiscal 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.