GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – Time to Sell?

GN Store Nord (OTCMKTS:GNNDY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $48.75, but opened at $45.20. GN Store Nord shares last traded at $45.20, with a volume of 100 shares.

Analysts Set New Price Targets

GNNDY has been the subject of a number of analyst reports. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Zacks Research cut shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research report on Tuesday, November 18th. Two investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 21.94 and a beta of 1.94. The firm has a fifty day simple moving average of $48.11 and a 200 day simple moving average of $50.06. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86.

GN Store Nord (OTCMKTS:GNNDY) last announced its earnings results on Thursday, February 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.16). The business had revenue of $738.87 million for the quarter, compared to analysts’ expectations of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. On average, analysts anticipate 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.