GN Store Nord (OTCMKTS:GNNDY) Releases Earnings Results, Misses Estimates By $1.49 EPS

GN Store Nord (OTCMKTS:GNNDY) issued its quarterly earnings results on Wednesday. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($1.49), Zacks reports. GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%.

GN Store Nord Price Performance

Shares of GN Store Nord stock traded up $1.40 during trading hours on Wednesday, hitting $46.89. The company’s stock had a trading volume of 531 shares, compared to its average volume of 552. GN Store Nord has a 12-month low of $39.45 and a 12-month high of $57.22. 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 company has a market cap of $2.36 billion, a PE ratio of -38.75 and a beta of 1.64. The business has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $44.58.

Wall Street Analyst Weigh In

GNNDY has been the topic of several research analyst reports. Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, GN Store Nord currently has an average rating of “Hold”.

GN Store Nord Company Profile

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.