GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Time to Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) saw strong trading volume on Tuesday. Approximately 1,550 shares traded hands during mid-day trading, an increase of 168% from the average daily volume of 579 shares. The stock last traded at $51.50 and had previously closed at $50.2285.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The firm’s fifty day moving average is $46.76 and its 200-day moving average is $45.70. The stock has a market capitalization of $2.54 billion, a PE ratio of -28.08 and a beta of 1.65.

GN Store Nord (OTCMKTS:GNNDY) last released its earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share 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 firm had revenue of $337.72 million for the quarter, compared to analysts’ expectations of $334.16 million. As a group, research analysts anticipate that GN Store Nord will post 0.79 earnings per share for the current year.

About GN Store Nord

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.