GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down on Disappointing Earnings

GN Store Nord (OTCMKTS:GNNDY) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $45.4888, but opened at $41.80. GN Store Nord shares last traded at $41.86, with a volume of 300 shares traded.

The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($1.63). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The company had revenue of $337.72 million during the quarter, compared to the consensus estimate of $608.14 million.

Analyst Upgrades and Downgrades

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

GN Store Nord Stock Down 8.0%

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 $2.11 billion, a PE ratio of -34.60 and a beta of 1.64. The company has a 50 day moving average price of $42.82 and a 200-day moving average price of $44.54.

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.