GN Store Nord (OTCMKTS:GNNDY) Shares Pass Below 50-Day Moving Average on Analyst Downgrade

GN Store Nord (OTCMKTS:GNNDY) shares crossed below its 50-day moving average during trading on Wednesday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock has a 50-day moving average of $45.20 and traded as low as $40.34. GN Store Nord shares last traded at $40.34, with a volume of 321 shares trading hands.

GNNDY has been the topic of a number of other research reports. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Jefferies Financial Group lowered shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

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 business’s 50 day simple moving average is $45.09 and its 200 day simple moving average is $47.03. The stock has a market cap of $2.05 billion, a P/E ratio of -33.64 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%.The company had revenue of $606.94 million for the quarter, compared to the consensus estimate of $614.94 million. On average, analysts expect that GN Store Nord will post 0.79 earnings per share 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.