GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – What’s Next?

Shares of GN Store Nord (OTCMKTS:GNNDY – Get Free Report) saw unusually-strong trading volume on Monday. 1,410 shares changed hands during trading, an increase of 148% from the previous session’s volume of 569 shares. The stock last traded at $48.30 and had previously closed at $47.62.

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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, GN Store Nord has a consensus rating of “Hold”.

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GN Store Nord Trading Up 0.7%

The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business’s 50 day simple moving average is $45.83 and its 200 day simple moving average is $44.62. The stock has a market cap of $2.45 billion, a P/E ratio of -27.02 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY – Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The company had revenue of $337.72 million during the quarter, compared to analyst estimates of $334.16 million. GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. On average, analysts expect that GN Store Nord will post 0.79 earnings per share for the current fiscal year.

About GN Store Nord

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GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.

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