GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Time to Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped up prior to trading on Monday . The stock had previously closed at $40.72, but opened at $50.28. GN Store Nord shares last traded at $50.28, with a volume of 300 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Zacks Research downgraded shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada raised GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

GN Store Nord Price Performance

The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 23.67 and a beta of 1.94. The company has a 50-day moving average of $48.11 and a 200-day moving average of $50.06. 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 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 net margin of 3.97% and a return on equity of 6.31%. The company had revenue of $738.87 million for the quarter, compared to analyst estimates of $760.79 million. As a group, equities research analysts expect that GN Store Nord will post 4.93 earnings per share 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.