GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Still a Buy?

GN Store Nord (OTCMKTS:GNNDY) gapped up before the market opened on Monday. The stock had previously closed at $47.52, but opened at $49.14. GN Store Nord shares last traded at $49.15, with a volume of 400 shares trading hands.

Analysts Set New Price Targets

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

GN Store Nord Stock Up 1.3%

The firm has a market capitalization of $2.50 billion, a PE ratio of -27.63 and a beta of 1.66. The business’s 50 day simple moving average is $45.18 and its 200 day simple moving average is $44.48. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78.

GN Store Nord (OTCMKTS:GNNDY) last announced its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. The business had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. On average, equities research analysts forecast that GN Store Nord will post 0.79 earnings per share for the current 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 from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.