GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase – Here’s What Happened

Shares of GN Store Nord (OTCMKTS:GNNDY – Get Free Report) saw unusually-high trading volume on Tuesday. Approximately 2,550 shares changed hands during mid-day trading, an increase of 341% from the previous session’s volume of 578 shares. The stock last traded at $48.06 and had previously closed at $47.25.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Analysis on GN Store Nord

GN Store Nord Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The stock has a market cap of $2.41 billion, a P/E ratio of -26.66 and a beta of 1.65. The company’s 50 day simple moving average is $46.03 and its 200 day simple moving average is $44.72.

GN Store Nord (OTCMKTS:GNNDY – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $337.72 million for the quarter, compared to the consensus estimate of $334.16 million. As a group, equities analysts forecast that GN Store Nord will post 0.79 earnings per share for the current year.

About GN Store Nord

(Get Free Report)

GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.

Further Reading

Receive News & Ratings for GN Store Nord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GN Store Nord and related companies with MarketBeat.com's FREE daily email newsletter.