GN Store Nord (OTCMKTS:GNNDY) Stock Passes Below 50 Day Moving Average – What’s Next?

GN Store Nord (OTCMKTS:GNNDY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $45.20 and traded as low as $40.34. GN Store Nord shares last traded at $40.34, with a volume of 321 shares traded.

Wall Street Analyst Weigh In

GNNDY has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Jefferies Financial Group lowered shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Price Performance

The company has a market cap of $2.03 billion, a price-to-earnings ratio of -33.34 and a beta of 1.65. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The company’s fifty day moving average price is $45.20 and its two-hundred day moving average price is $47.07.

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 the consensus estimate of $0.49 by ($1.92). The company had revenue of $606.94 million during the quarter, compared to analyst estimates of $614.94 million. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. On average, equities research analysts forecast that GN Store Nord will post 0.79 EPS for the current fiscal 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.