GN Store Nord (OTCMKTS:GNNDY) Shares Climb 7.3% – Here’s Why

Shares of GN Store Nord (OTCMKTS:GNNDY) were up 7.3% during trading on Wednesday. The company traded as high as $48.57 and last traded at $48.57. 200 shares were traded during mid-day trading, a decline of 63% from the average session volume of 537 shares. The stock had previously closed at $45.27.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

GN Store Nord Trading Down 0.5%

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business’s fifty day simple moving average is $44.80 and its 200 day simple moving average is $44.34. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -26.83 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%.The business had revenue of $337.72 million during the quarter, compared to the consensus estimate of $334.16 million. On average, research analysts predict that GN Store Nord will post 0.79 EPS for the current year.

About GN Store Nord

GN Store Nord A/S is a Danish technology company headquartered in Ballerup, Denmark. Founded in 1869 as the Great Northern Telegraph Company, it has evolved from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.