GN Store Nord (OTCMKTS:GNNDY) Releases Earnings Results

GN Store Nord (OTCMKTS:GNNDY) released its quarterly earnings data on Wednesday. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92), Zacks reports. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.30%.

GN Store Nord Price Performance

GNNDY traded up $0.08 during midday trading on Friday, hitting $45.24. 861 shares of the company traded hands, compared to its average volume of 317. The business has a 50 day simple moving average of $45.42 and a two-hundred day simple moving average of $48.21. GN Store Nord has a 52-week low of $39.78 and a 52-week high of $57.22. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -37.39 and a beta of 1.66. The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

Several research firms have commented on GNNDY. Citigroup restated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Jefferies Financial Group lowered shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, Zacks Research downgraded shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a report on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GN Store Nord presently has an average 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.