Zacks Research Upgrades GN Store Nord (OTCMKTS:GNNDY) to “Hold”

GN Store Nord (OTCMKTS:GNNDY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

GNNDY has been the subject of a number of other research reports. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup restated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

GN Store Nord Stock Down 4.6%

Shares of OTCMKTS:GNNDY opened at $42.68 on Monday. The stock has a market capitalization of $2.15 billion, a P/E ratio of -35.27 and a beta of 1.66. GN Store Nord has a 1 year low of $39.78 and a 1 year high of $57.22. The stock has a 50-day simple moving average of $45.53 and a 200-day simple moving average of $47.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The company had revenue of $606.94 million during the quarter, compared to analysts’ expectations of $614.94 million. GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%. Equities analysts forecast that GN Store Nord will post 4.05 earnings per share for the current year.

About GN Store Nord

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.