GN Store Nord (OTCMKTS:GNNDY) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of GN Store Nord (OTCMKTS:GNNDY) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

Several other research firms have also commented on GNNDY. Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada upgraded GN Store Nord to a “hold” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Trading Up 2.6%

Shares of OTCMKTS:GNNDY opened at $46.73 on Thursday. GN Store Nord has a one year low of $36.83 and a one year high of $59.75. The company’s fifty day moving average price is $50.64 and its 200-day moving average price is $50.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.82.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.16). The business had revenue of $738.87 million for the quarter, compared to analyst estimates of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.38%. As a group, analysts anticipate that GN Store Nord will post 4.93 EPS for the current 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.