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

Shares of GN Store Nord (OTCMKTS:GNNDY) saw strong trading volume on Tuesday . 800 shares were traded during trading, an increase of 37% from the previous session’s volume of 585 shares.The stock last traded at $49.63 and had previously closed at $48.36.

Analysts Set New Price Targets

Several research analysts recently commented on GNNDY shares. Zacks Research cut GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 12th. Royal Bank Of Canada raised shares of GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Finally, Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a report on Monday, November 24th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

GN Store Nord Stock Up 1.0%

The company has a market cap of $2.46 billion, a P/E ratio of 23.71 and a beta of 1.94. The business’s 50 day moving average price is $48.21 and its 200-day moving average price is $50.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86.

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

About GN Store Nord

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.