GN Store Nord (OTCMKTS:GNNDY) Reaches New 1-Year Low – Here’s Why

GN Store Nord (OTCMKTS:GNNDY)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $39.4530 and last traded at $39.4530, with a volume of 2 shares trading hands. The stock had previously closed at $40.6610.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GNNDY shares. Jefferies Financial Group cut GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Zacks Research downgraded shares of GN Store Nord from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 16th. Finally, Citigroup restated a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Trading Down 1.5%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.69 and a current ratio of 1.01. The stock has a 50-day simple moving average of $44.43 and a two-hundred day simple moving average of $46.70. The firm has a market cap of $1.98 billion, a PE ratio of -32.61 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results on Thursday, May 7th. The company reported ($1.43) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). The company had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. GN Store Nord had a positive return on equity of 1.31% and a negative net margin of 2.53%. As a group, sell-side analysts anticipate that GN Store Nord will post 0.79 EPS for the current year.

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.