GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Should You Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) saw strong trading volume on Tuesday . 1,600 shares traded hands during mid-day trading, an increase of 221% from the previous session’s volume of 498 shares.The stock last traded at $40.50 and had previously closed at $39.89.

Analyst Ratings Changes

A number of equities analysts recently commented on GNNDY shares. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Zacks Research lowered shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two research 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. According to MarketBeat.com, GN Store Nord presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 0.2%

The firm’s fifty day simple moving average is $44.24 and its 200 day simple moving average is $46.64. The stock has a market capitalization of $2.01 billion, a P/E ratio of -33.02 and a beta of 1.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings results 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). The firm had revenue of $606.94 million for the quarter, compared to analyst estimates of $614.94 million. GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%. As a group, equities research analysts forecast that GN Store Nord will post 0.79 EPS 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.