GN Store Nord (OTCMKTS:GNNDY) Downgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group cut shares of GN Store Nord (OTCMKTS:GNNDY) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Zacks Research downgraded shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Trading Down 4.9%

OTCMKTS:GNNDY opened at $42.30 on Wednesday. The firm has a 50 day moving average of $47.76 and a 200 day moving average of $49.97. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. GN Store Nord has a 52 week low of $36.83 and a 52 week high of $57.22. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 20.53 and a beta of 1.94.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.16). GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. The business had revenue of $738.87 million for the quarter, compared to analysts’ expectations of $760.79 million. As a group, sell-side analysts anticipate that GN Store Nord will post 4.93 earnings per share 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.