GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Here’s Why

GN Store Nord (OTCMKTS:GNNDY) shares saw unusually-strong trading volume on Wednesday. Approximately 610 shares traded hands during mid-day trading, an increase of 6% from the average daily volume of 574 shares. The stock last traded at $49.59 and had previously closed at $47.81.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

GN Store Nord Stock Up 3.7%

The company has a market cap of $2.49 billion, a PE ratio of -27.55 and a beta of 1.74. The firm has a 50-day simple moving average of $47.08 and a two-hundred day simple moving average of $45.59. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share (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 2.44%. The company had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. Research analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current fiscal 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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.