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

GN Store Nord (OTCMKTS:GNNDY – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $50.1450, but opened at $47.62. GN Store Nord shares last traded at $47.62, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, GN Store Nord presently has a consensus rating of “Hold”.

Check Out Our Latest Research Report on GNNDY

GN Store Nord Price Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94. The stock has a market capitalization of $2.40 billion, a P/E ratio of -26.46 and a beta of 1.65. The firm has a fifty day moving average price of $45.49 and a two-hundred day moving average price of $44.61.

GN Store Nord (OTCMKTS:GNNDY – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate 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 business had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. As a group, analysts expect that GN Store Nord will post 0.79 EPS for the current fiscal year.

GN Store Nord Company Profile

(Get Free Report)

GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.

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