GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase – Here’s Why

Shares of GN Store Nord (OTCMKTS:GNNDY) saw strong trading volume on Tuesday. 1,300 shares changed hands during trading, an increase of 145% from the previous session’s volume of 531 shares. The stock last traded at $49.73 and had previously closed at $49.11.

Analysts Set New Price Targets

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

GN Store Nord Price Performance

The firm’s 50-day moving average is $45.04 and its two-hundred day moving average is $44.42. The company has a market cap of $2.50 billion, a P/E ratio of -27.63 and a beta of 1.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data 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 return on equity of 2.44% and a negative net margin of 4.32%.The business had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. Analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current year.

GN Store Nord Company Profile

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.