GN Store Nord (OTCMKTS:GNNDY) Stock Price Down 1.5% – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s stock price traded down 1.5% during trading on Wednesday . The company traded as low as $41.9585 and last traded at $41.9585. 26 shares were traded during mid-day trading, a decline of 97% from the average session volume of 870 shares. The stock had previously closed at $42.5850.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

GN Store Nord Stock Performance

The business’s fifty day moving average price is $42.48 and its two-hundred day moving average price is $45.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01. The stock has a market capitalization of $2.11 billion, a P/E ratio of -34.68 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last announced its 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). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The business had revenue of $606.94 million for the quarter, compared to analysts’ expectations of $614.94 million. As a group, sell-side analysts forecast 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 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.