GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase – Still a Buy?

GN Store Nord (OTCMKTS:GNNDY) saw an uptick in trading volume on Tuesday. 1,300 shares were traded during mid-day trading, an increase of 145% from the previous session’s volume of 531 shares. The stock last traded at $49.73 and had previously closed at $49.11.

Analysts Set New Price Targets

Separately, Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Trading Up 0.8%

The stock has a market cap of $2.52 billion, a price-to-earnings ratio of -27.86 and a beta of 1.66. The business’s 50 day moving average is $45.35 and its 200 day moving average is $44.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64.

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). GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%.The business had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. As a group, equities 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 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.