GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Still a Buy?

GN Store Nord (OTCMKTS:GNNDY) shares gapped up prior to trading on Thursday. The stock had previously closed at $47.52, but opened at $55.64. GN Store Nord shares last traded at $55.24, with a volume of 239 shares traded.

Analyst Upgrades and Downgrades

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

GN Store Nord Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94. The firm has a 50 day moving average of $47.65 and a two-hundred day moving average of $45.58. The stock has a market cap of $2.76 billion, a P/E ratio of -60.89 and a beta of 1.74.

GN Store Nord (OTCMKTS:GNNDY) last announced 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). The firm had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. On average, research analysts predict that GN Store Nord will post 0.79 EPS for the current fiscal year.

GN Store Nord Company Profile

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.