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

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped up before the market opened on Thursday. The stock had previously closed at $47.52, but opened at $55.64. GN Store Nord shares last traded at $55.24, with a volume of 239 shares.

Wall Street Analyst Weigh In

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

GN Store Nord Trading Up 10.3%

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 business’s 50 day moving average is $47.21 and its 200-day moving average is $45.57. The firm has a market cap of $2.78 billion, a P/E ratio of -30.67 and a beta of 1.74.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.45). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. As a group, analysts forecast that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

GN Store Nord Company Profile

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.