GN Store Nord (OTCMKTS:GNNDY) Releases Earnings Results

GN Store Nord (OTCMKTS:GNNDY) issued its quarterly earnings results on Thursday. The company reported $1.10 earnings per share for the quarter, Zacks reports. GN Store Nord had a net margin of 4.05% and a return on equity of 6.49%.

GN Store Nord Trading Down 12.5%

Shares of GNNDY opened at $44.26 on Friday. GN Store Nord has a twelve month low of $36.83 and a twelve month high of $64.27. The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $2.23 billion, a P/E ratio of 21.70 and a beta of 1.93. The firm’s 50-day moving average is $50.84 and its two-hundred day moving average is $50.70.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GNNDY shares. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Royal Bank Of Canada upgraded GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Finally, Zacks Research cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, GN Store Nord currently has an average rating of “Hold”.

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.