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 Thursday. The stock had previously closed at $47.52, but opened at $55.64. GN Store Nord shares last traded at $55.24, with a volume of 239 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

GN Store Nord Price Performance

The stock has a 50 day moving average of $47.21 and a two-hundred day moving average of $45.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94. The firm has a market capitalization of $2.78 billion, a P/E ratio of -30.67 and a beta of 1.74.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.45). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. Sell-side analysts predict that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

GN Store Nord Company Profile

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

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.