GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $47.52, but opened at $49.14. GN Store Nord shares last traded at $49.15, with a volume of 400 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

GN Store Nord Price Performance

The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.47 billion, a P/E ratio of -27.31 and a beta of 1.66. The business has a fifty day moving average of $44.91 and a 200 day moving average of $44.37.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.41). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%.The company had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. On average, sell-side analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current 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 from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.