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

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

A number of other research firms also recently weighed in on GNNDY. Jefferies Financial Group downgraded GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup reissued a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, GN Store Nord currently has a consensus rating of “Hold”.

GN Store Nord Stock Down 3.4%

Shares of GN Store Nord stock opened at $40.34 on Tuesday. The stock has a 50-day moving average price of $45.20 and a 200 day moving average price of $47.07. The company has a market cap of $2.03 billion, a P/E ratio of -33.34 and a beta of 1.65. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. GN Store Nord has a 1 year low of $39.78 and a 1 year high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%.The business had revenue of $606.94 million during the quarter, compared to analysts’ expectations of $614.94 million. As a group, analysts expect that GN Store Nord will post 0.79 EPS for the current fiscal 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.