GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Should You Buy?

GN Store Nord (OTCMKTS:GNNDY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $45.03, but opened at $48.44. GN Store Nord shares last traded at $48.67, with a volume of 200 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, GN Store Nord presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 7.1%

The firm has a market cap of $2.44 billion, a price-to-earnings ratio of -26.94 and a beta of 1.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The firm’s fifty day moving average is $44.42 and its 200-day moving average is $44.22.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%.The business had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. Equities analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current year.

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

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.