GN Store Nord (OTCMKTS:GNNDY) Stock Rating Lowered by Zacks Research

GN Store Nord (OTCMKTS:GNNDY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently commented on GNNDY. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, GN Store Nord has an average rating of “Hold”.

GN Store Nord Price Performance

GN Store Nord stock opened at $40.34 on Tuesday. 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 company has a market capitalization of $2.03 billion, a PE ratio of -33.34 and a beta of 1.65. GN Store Nord has a one year low of $39.78 and a one year high of $57.22. The business has a 50 day simple moving average of $45.20 and a 200 day simple moving average of $47.07.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($1.92). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The business had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. On average, sell-side analysts forecast 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 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.