GN Store Nord (OTCMKTS:GNNDY) Trading Up 7.3% – Should You Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) rose 7.3% on Wednesday . The stock traded as high as $48.57 and last traded at $48.57. 200 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 537 shares. The stock had previously closed at $45.27.

Analyst Upgrades and Downgrades

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

GN Store Nord Price Performance

The stock has a 50 day moving average of $44.55 and a two-hundred day moving average of $44.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94. The firm has a market capitalization of $2.45 billion, a P/E ratio of -27.04 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last released its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share 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 firm had revenue of $337.72 million for the quarter, compared to analyst estimates of $334.16 million. Sell-side analysts predict 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.