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

GN Store Nord (OTCMKTS:GNNDY) shares saw an uptick in trading volume on Monday . 400 shares traded hands during mid-day trading, a decline of 26% from the previous session’s volume of 543 shares.The stock last traded at $44.70 and had previously closed at $44.67.

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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 0.1%

The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The stock has a market cap of $2.25 billion, a PE ratio of -24.83 and a beta of 1.64. The stock has a 50-day moving average of $43.13 and a 200 day moving average of $44.27.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.42%. The business had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. As a group, sell-side analysts anticipate that GN Store Nord will post 0.79 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.