GN Store Nord (OTCMKTS:GNNDY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of GN Store Nord (OTCMKTS:GNNDY) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

Several other brokerages also recently weighed in on GNNDY. Jefferies Financial Group downgraded GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup reaffirmed a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

GN Store Nord Trading Down 3.4%

Shares of OTCMKTS GNNDY opened at $40.34 on Tuesday. The stock’s 50 day simple moving average is $45.20 and its 200 day simple moving average is $47.07. The company has a current ratio of 1.01, a quick ratio of 0.69 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -33.34 and a beta of 1.65. GN Store Nord has a 12-month low of $39.78 and a 12-month high of $57.22.

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