GN Store Nord (OTCMKTS:GNNDY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of GN Store Nord (OTCMKTS:GNNDY) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group downgraded shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, GN Store Nord presently has an average rating of “Hold”.

GN Store Nord Price Performance

GNNDY stock opened at $42.68 on Monday. The company has a 50 day simple moving average of $45.53 and a 200 day simple moving average of $47.68. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -35.27 and a beta of 1.66. GN Store Nord has a 1 year low of $39.78 and a 1 year high of $57.22. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86.

GN Store Nord (OTCMKTS:GNNDY) last posted its earnings results on Thursday, May 7th. The company reported ($1.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). GN Store Nord had a positive return on equity of 1.30% and a negative net margin of 2.53%.The business had revenue of $606.94 million for the quarter, compared to the consensus estimate of $614.94 million. Research analysts anticipate that GN Store Nord will post 4.05 EPS for the current fiscal 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.