GN Store Nord (OTCMKTS:GNNDY) Downgraded by Zacks Research to Strong Sell

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

A number of other equities research analysts have also commented on the stock. Citigroup reissued a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Royal Bank Of Canada raised shares of GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Finally, Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell 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

GNNDY stock opened at $46.73 on Thursday. The business has a fifty day moving average price of $50.64 and a 200 day moving average price of $50.64. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.81. GN Store Nord has a fifty-two week low of $36.83 and a fifty-two week high of $59.75.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.16). GN Store Nord had a return on equity of 6.38% and a net margin of 3.97%.The business had revenue of $738.87 million during the quarter, compared to analyst estimates of $760.79 million. On average, analysts anticipate that GN Store Nord will post 4.93 earnings per share for the current 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.