GN Store Nord (OTCMKTS:GNNDY) Issues Quarterly Earnings Results, Misses Estimates By $0.45 EPS

GN Store Nord (OTCMKTS:GNNDY) released its earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.45), Zacks reports. GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%.

GN Store Nord Price Performance

Shares of GNNDY traded up $4.97 during mid-day trading on Thursday, reaching $55.03. The company had a trading volume of 629 shares, compared to its average volume of 472. The firm has a fifty day simple moving average of $47.45 and a 200-day simple moving average of $45.57. GN Store Nord has a fifty-two week low of $39.45 and a fifty-two week high of $55.78. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78.

Analyst Ratings Changes

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About GN Store Nord

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.