GN Store Nord (OTCMKTS:GNNDY) Stock Gets Downgrade from Zacks Research

GN Store Nord (OTCMKTS:GNNDY) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday, Zacks reports.

GN Store Nord Trading Down 2.6%

Shares of GN Store Nord stock opened at $53.60 on Monday. The business’s fifty day moving average price is $48.03 and its two-hundred day moving average price is $45.60. The company has a quick ratio of 0.64, a current ratio of 0.94 and a debt-to-equity ratio of 0.78. GN Store Nord has a 1-year low of $39.45 and a 1-year high of $55.78.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.45). GN Store Nord had a negative net margin of 2.50% and a negative return on equity of 2.01%. The business had revenue of $340.50 million for the quarter, compared to analyst estimates of $342.80 million. As a group, equities research analysts anticipate that GN Store Nord will post 0.78 EPS for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord is a Denmark-based company that develops hearing, audio and communications products. Its business includes hearing aids and related solutions, as well as headsets and other audio equipment for professional and personal use. Its brands include ReSound and Beltone in hearing care, and Jabra and BlueParrott in audio and communications. Products serve consumers and organizations across areas such as healthcare, business communications and professional driving. The company traces its roots to the Great Northern Telegraph Company, founded in 1869, and is headquartered in Ballerup, Denmark.