GN Store Nord (OTCMKTS:GNNDY) Stock Rating Lowered by Zacks Research

GN Store Nord (OTCMKTS:GNNDY) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday, Zacks reports.

GN Store Nord Trading Down 2.6%

OTCMKTS GNNDY opened at $53.60 on Monday. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $55.78. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -59.56 and a beta of 1.74. The business’s fifty day moving average is $48.03 and its 200 day moving average is $45.60.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.45). GN Store Nord had a negative return on equity of 2.01% and a negative net margin of 2.50%. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $342.80 million. As a group, sell-side analysts expect that GN Store Nord will post 0.78 EPS for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord is a Denmark-based company that develops hearing, audio and communications products. Its business includes hearing aids and related solutions, as well as headsets and other audio equipment for professional and personal use. Its brands include ReSound and Beltone in hearing care, and Jabra and BlueParrott in audio and communications. Products serve consumers and organizations across areas such as healthcare, business communications and professional driving. The company traces its roots to the Great Northern Telegraph Company, founded in 1869, and is headquartered in Ballerup, Denmark.