GN Store Nord (OTCMKTS:GNNDY) Sees Unusually-High Trading Volume – Should You Buy?

GN Store Nord (OTCMKTS:GNNDY) saw unusually-strong trading volume on Tuesday. Approximately 1,300 shares changed hands during mid-day trading, an increase of 145% from the previous session’s volume of 531 shares. The stock last traded at $49.73 and had previously closed at $49.11.

Wall Street Analyst Weigh In

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

GN Store Nord Trading Up 1.3%

The stock’s 50 day moving average price is $45.04 and its 200-day moving average price is $44.42. 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 stock has a market capitalization of $2.50 billion, a PE ratio of -27.63 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last released its 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 net margin of 4.32% and a negative return on equity of 2.44%. The firm had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. On average, sell-side analysts expect that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

About GN Store Nord

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.