GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – Here’s What Happened

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped down before the market opened on Wednesday . The stock had previously closed at $48.75, but opened at $45.20. GN Store Nord shares last traded at $45.20, with a volume of 100 shares.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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. Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Finally, Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Two 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 data from MarketBeat, the company presently has a consensus rating of “Hold”.

GN Store Nord Price Performance

The stock has a fifty day moving average of $48.11 and a 200 day moving average of $50.06. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 21.94 and a beta of 1.94. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $760.79 million. On average, analysts expect that GN Store Nord will post 4.93 EPS 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.