GN Store Nord (OTCMKTS:GNNDY) Stock Rating Lowered by Zacks Research

GN Store Nord (OTCMKTS:GNNDY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other brokerages have also recently weighed in on GNNDY. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

GN Store Nord Price Performance

Shares of OTCMKTS GNNDY opened at $40.34 on Tuesday. The stock has a market capitalization of $2.03 billion, a PE ratio of -33.34 and a beta of 1.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.69. The business has a fifty day moving average price of $45.20 and a two-hundred day moving average price of $47.07. GN Store Nord has a fifty-two week low of $39.78 and a fifty-two week high of $57.22.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($1.92). The company had revenue of $606.94 million during the quarter, compared to analyst estimates of $614.94 million. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. As a group, equities analysts predict that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

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.