Jefferies Financial Group Downgrades GN Store Nord (OTCMKTS:GNNDY) to Hold

GN Store Nord (OTCMKTS:GNNDY) was downgraded by equities researchers at Jefferies Financial Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also recently weighed in on GNNDY. Royal Bank Of Canada upgraded GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Barclays upgraded shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Finally, Zacks Research cut shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

GN Store Nord Price Performance

GNNDY stock opened at $42.30 on Wednesday. The firm has a market cap of $2.13 billion, a P/E ratio of 20.53 and a beta of 1.94. The firm’s fifty day moving average is $47.76 and its 200 day moving average is $49.97. GN Store Nord has a 52 week low of $36.83 and a 52 week high of $57.22. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.10 earnings per share 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 business had revenue of $738.87 million during the quarter, compared to the consensus estimate of $760.79 million. Research analysts predict that GN Store Nord will post 4.93 earnings per share for the current 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.