GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down After Analyst Downgrade

GN Store Nord (OTCMKTS:GNNDY)’s share price gapped down before the market opened on Wednesday after Jefferies Financial Group downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $48.75, but opened at $45.20. GN Store Nord shares last traded at $45.20, with a volume of 100 shares.

A number of other research analysts have also commented on GNNDY. Barclays upgraded shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Zacks Research lowered GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada upgraded GN Store Nord to a “hold” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

GN Store Nord Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.13 billion, a PE ratio of 20.53 and a beta of 1.94. The business has a fifty day moving average price of $47.76 and a 200-day moving average price of $49.97.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.16). The firm had revenue of $738.87 million for the quarter, compared to analysts’ expectations of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. Research analysts expect that GN Store Nord will post 4.93 EPS 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.