GN Store Nord (OTCMKTS:GNNDY) Stock Bumped Down to “Strong Sell” by Zacks Research

GN Store Nord (OTCMKTS:GNNDY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

GN Store Nord Stock Down 2.6%

Shares of OTCMKTS:GNNDY opened at $53.60 on Monday. GN Store Nord has a one year low of $39.45 and a one year high of $55.78. The business’s 50-day simple moving average is $48.03 and its 200 day simple moving average is $45.60. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results on Thursday, November 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.45). The firm had revenue of $340.50 million for the quarter, compared to analyst estimates of $342.80 million. GN Store Nord had a negative return on equity of 2.01% and a negative net margin of 2.50%. As a group, equities research analysts forecast that GN Store Nord will post 0.78 earnings per share for the current year.

About GN Store Nord

GN Store Nord is a Denmark-based company that develops hearing, audio and communications products. Its business includes hearing aids and related solutions, as well as headsets and other audio equipment for professional and personal use. Its brands include ReSound and Beltone in hearing care, and Jabra and BlueParrott in audio and communications. Products serve consumers and organizations across areas such as healthcare, business communications and professional driving. The company traces its roots to the Great Northern Telegraph Company, founded in 1869, and is headquartered in Ballerup, Denmark.