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 Tuesday . The stock had previously closed at $45.03, but opened at $48.44. GN Store Nord shares last traded at $48.67, with a volume of 200 shares traded.

Analyst Ratings Changes

Separately, Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

GN Store Nord Price Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business’s fifty day moving average price is $44.42 and its 200-day moving average price is $44.22. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -26.94 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.41). The business had revenue of $337.72 million during the quarter, compared to the consensus estimate of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. On average, research analysts forecast that GN Store Nord will post 0.79 EPS for the current 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 from a communications and telegraph operator into a global provider of hearing, audio and communications technologies.

Through GN Hearing, the company develops and markets hearing aids, diagnostic equipment and related digital solutions. Its hearing brands include ReSound, Beltone and Interton, with products designed for consumers, hearing-care professionals and audiology providers.

Through GN Audio, the company offers wireless headsets, earbuds, speakerphones and other collaboration and communications equipment under brands such as Jabra.