GN Store Nord (OTCMKTS:GNNDY – Get Free Report) shares gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $45.4888, but opened at $41.80. GN Store Nord shares last traded at $41.86, with a volume of 300 shares trading hands.
The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of $0.94 by ($1.63). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The company had revenue of $337.72 million for the quarter, compared to the consensus estimate of $608.14 million.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. 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 research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, GN Store Nord presently has an average rating of “Hold”.
GN Store Nord Stock Down 8.0%
The company has a market capitalization of $2.11 billion, a PE ratio of -34.60 and a beta of 1.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.69. The company has a 50-day moving average of $42.82 and a two-hundred day moving average of $44.54.
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.
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