GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – What’s Next?

GN Store Nord (OTCMKTS:GNNDY) shares gapped down before the market opened on Friday. The stock had previously closed at $48.55, but opened at $46.78. GN Store Nord shares last traded at $46.78, with a volume of 100 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The company’s 50-day moving average is $44.80 and its two-hundred day moving average is $44.34. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.36 billion, a P/E ratio of -26.02 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last released its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. The company had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. Equities analysts predict that GN Store Nord will post 0.79 EPS for the current year.

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.