GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Should You Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped up before the market opened on Wednesday . The stock had previously closed at $45.45, but opened at $47.68. GN Store Nord shares last traded at $47.68, with a volume of 100 shares.

Wall Street Analyst Weigh In

GNNDY has been the subject of several research reports. Zacks Research downgraded GN Store Nord from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Jefferies Financial Group downgraded 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, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Trading Up 2.7%

The business has a fifty day moving average price of $45.08 and a 200-day moving average price of $48.80. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.49 billion, a P/E ratio of 24.00 and a beta of 1.86.

GN Store Nord (OTCMKTS:GNNDY) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.16). The firm had revenue of $738.87 million for the quarter, compared to analyst estimates of $760.79 million. GN Store Nord had a return on equity of 6.31% and a net margin of 3.97%. On average, analysts forecast that GN Store Nord will post 4.93 earnings per share for the current year.

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.