GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up – Here’s Why

GN Store Nord (OTCMKTS:GNNDY) shares gapped up before the market opened on Monday . The stock had previously closed at $42.30, but opened at $45.11. GN Store Nord shares last traded at $45.11, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

GNNDY has been the topic of several research analyst reports. Zacks Research cut shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Stock Down 1.3%

The business has a 50-day moving average price of $47.21 and a 200 day moving average price of $49.75. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.22 billion, a P/E ratio of 21.41 and a beta of 1.94.

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