GN Store Nord (OTCMKTS:GNNDY) Announces Quarterly Earnings Results, Misses Estimates By $0.41 EPS

GN Store Nord (OTCMKTS:GNNDY) posted its quarterly earnings results on Wednesday. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41), Zacks reports. The company had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. GN Store Nord had a negative return on equity of 2.42% and a negative net margin of 4.32%.

GN Store Nord Stock Down 8.6%

Shares of GN Store Nord stock opened at $41.98 on Friday. GN Store Nord has a twelve month low of $39.45 and a twelve month high of $57.22. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -23.32 and a beta of 1.64. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average price of $42.81 and a 200 day moving average price of $44.47.

Analysts Set New Price Targets

A number of analysts have recently commented on GNNDY shares. Citigroup restated a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.