GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Time to Buy?

GN Store Nord (OTCMKTS:GNNDY) shares saw an uptick in trading volume on Thursday . 1,200 shares changed hands during mid-day trading, an increase of 125% from the previous session’s volume of 533 shares.The stock last traded at $45.52 and had previously closed at $43.03.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

GN Store Nord Trading Up 5.7%

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 stock has a market capitalization of $2.29 billion, a P/E ratio of -25.27 and a beta of 1.66. The business’s fifty day simple moving average is $44.19 and its two-hundred day simple moving average is $44.20.

GN Store Nord (OTCMKTS:GNNDY) last issued its earnings results on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.42%. The firm had revenue of $337.72 million during the quarter, compared to analyst estimates of $334.16 million. As a group, analysts forecast that GN Store Nord will post 0.79 earnings per share for the current year.

About GN Store Nord

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.