GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase – Here’s What Happened

GN Store Nord (OTCMKTS:GNNDY) shares saw unusually-high trading volume on Tuesday . Approximately 1,600 shares were traded during mid-day trading, an increase of 221% from the previous session’s volume of 498 shares.The stock last traded at $40.50 and had previously closed at $39.89.

Analysts Set New Price Targets

Several research firms recently weighed in on GNNDY. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Zacks Research downgraded shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group lowered shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 1.0%

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 stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -33.57 and a beta of 1.66. The business has a 50 day simple moving average of $43.79 and a 200-day simple moving average of $46.52.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%.The business had revenue of $606.94 million for the quarter, compared to analyst estimates of $614.94 million. As a group, equities analysts expect 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.