GN Store Nord (OTCMKTS:GNNDY) Stock Passes Below 50-Day Moving Average – Should You Sell?

GN Store Nord (OTCMKTS:GNNDY)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $45.46 and traded as low as $44.4150. GN Store Nord shares last traded at $44.4150, with a volume of 87 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Zacks Research cut GN Store Nord from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Finally, Citigroup reissued a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

GN Store Nord Trading Down 2.2%

The stock has a market cap of $2.19 billion, a PE ratio of -35.90 and a beta of 1.66. The stock has a 50-day moving average price of $45.48 and a two-hundred day moving average price of $47.86. 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 released its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The firm had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%. Sell-side analysts forecast that GN Store Nord will post 4.05 earnings per share 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.