GN Store Nord (OTCMKTS:GNNDY) Shares Down 12.9% – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s stock price fell 12.9% during trading on Thursday . The company traded as low as $42.46 and last traded at $42.46. 100 shares were traded during trading, a decline of 83% from the average session volume of 596 shares. The stock had previously closed at $48.75.

Analysts Set New Price Targets

GNNDY has been the topic of several analyst reports. Barclays raised GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Zacks Research downgraded GN Store Nord from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

GN Store Nord Price Performance

The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $47.95 and its two-hundred day moving average price is $50.03. The stock has a market capitalization of $2.15 billion, a PE ratio of 20.73 and a beta of 1.94.

GN Store Nord (OTCMKTS:GNNDY) last issued its earnings results on Thursday, February 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.16). GN Store Nord had a return on equity of 6.31% and a net margin of 3.97%.The company had revenue of $738.87 million during the quarter, compared to analysts’ expectations of $760.79 million. On average, equities analysts predict that GN Store Nord will post 4.93 earnings per share for the current 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.