GN Store Nord (OTCMKTS:GNNDY) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of GN Store Nord (OTCMKTS:GNNDY) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the stock. Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research report on Tuesday, November 18th. Barclays upgraded shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Finally, Zacks Research cut shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

GN Store Nord Price Performance

Shares of GN Store Nord stock opened at $44.25 on Wednesday. The firm has a market cap of $2.23 billion, a PE ratio of 21.48 and a beta of 1.94. The stock has a 50 day moving average of $47.60 and a 200 day moving average of $49.90. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. GN Store Nord has a 12 month low of $36.83 and a 12 month high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings data 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). The firm had revenue of $738.87 million during the quarter, compared to the consensus estimate of $760.79 million. GN Store Nord had a return on equity of 6.31% and a net margin of 3.97%. On average, research analysts expect that GN Store Nord will post 4.93 EPS 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.