GN Store Nord (OTCMKTS:GNNDY) Releases Earnings Results, Misses Estimates By $0.16 EPS

GN Store Nord (OTCMKTS:GNNDY) released its quarterly earnings data on Thursday. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.16), Zacks reports. GN Store Nord had a return on equity of 6.38% and a net margin of 3.97%.The firm had revenue of $738.87 million for the quarter, compared to analyst estimates of $760.79 million.

GN Store Nord Trading Up 5.6%

OTCMKTS GNNDY opened at $46.76 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.14 and a quick ratio of 0.82. GN Store Nord has a 12-month low of $36.83 and a 12-month high of $60.94. The firm has a 50-day moving average price of $50.86 and a two-hundred day moving average price of $50.71.

Analyst Ratings Changes

A number of research firms recently weighed in on GNNDY. Citigroup reissued a “buy” rating on shares of GN Store Nord in a report on Thursday, October 23rd. Zacks Research cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Finally, Royal Bank Of Canada raised shares of GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.