GN Store Nord (OTCMKTS:GNNDY) Releases Quarterly Earnings Results, Misses Expectations By $1.49 EPS

GN Store Nord (OTCMKTS:GNNDY) issued its earnings results on Wednesday. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by ($1.49), Zacks reports. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%.

GN Store Nord Price Performance

Shares of GNNDY stock traded up $1.40 during trading hours on Wednesday, hitting $46.89. 531 shares of the company’s stock were exchanged, compared to its average volume of 552. GN Store Nord has a fifty-two week low of $39.45 and a fifty-two week high of $57.22. The firm has a market cap of $2.36 billion, a P/E ratio of -38.75 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $42.73 and a two-hundred day moving average of $44.58.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GNNDY. Zacks Research upgraded GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About GN Store Nord

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.