GN Store Nord (OTCMKTS:GNNDY) Hits New 1-Year Low – Here’s What Happened

GN Store Nord (OTCMKTS:GNNDY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $39.4530 and last traded at $39.4530, with a volume of 2 shares. The stock had previously closed at $40.6610.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Zacks Research lowered shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Jefferies Financial Group downgraded GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Citigroup reissued a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GN Store Nord presently has a consensus rating of “Hold”.

GN Store Nord Trading Down 1.5%

The firm’s 50-day moving average price is $44.43 and its 200-day moving average price is $46.70. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.98 billion, a P/E ratio of -32.61 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The business had revenue of $606.94 million during 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 1.31%. As a group, equities research analysts expect that GN Store Nord will post 0.79 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.