Zacks Research Upgrades GN Store Nord (OTCMKTS:GNNDY) to “Hold”

GN Store Nord (OTCMKTS:GNNDY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Jefferies Financial Group lowered GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Stock Performance

GN Store Nord stock opened at $42.68 on Monday. The stock has a market cap of $2.15 billion, a P/E ratio of -35.27 and a beta of 1.66. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $45.53 and a 200-day moving average of $47.68. GN Store Nord has a 52 week low of $39.78 and a 52 week high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last released its earnings results on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.92). The business had revenue of $606.94 million for the quarter, compared to analysts’ expectations of $614.94 million. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.30%. On average, analysts expect that GN Store Nord will post 4.05 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.