GN Store Nord (OTCMKTS:GNNDY) Sees Unusually-High Trading Volume – Here’s Why

GN Store Nord (OTCMKTS:GNNDY) shares saw an uptick in trading volume on Wednesday. 610 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 574 shares. The stock last traded at $49.59 and had previously closed at $47.81.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

GN Store Nord Trading Down 0.7%

The stock has a market capitalization of $2.77 billion, a P/E ratio of -30.61 and a beta of 1.74. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $47.45 and a two-hundred day moving average price of $45.57.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.51). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. On average, analysts expect that GN Store Nord will post 0.79 EPS for the current fiscal year.

GN Store Nord Company Profile

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.