GN Store Nord (OTCMKTS:GNNDY) Trading Up 7.3% – Time to Buy?

GN Store Nord (OTCMKTS:GNNDY)’s share price shot up 7.3% on Wednesday . The stock traded as high as $48.57 and last traded at $48.57. 200 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 537 shares. The stock had previously closed at $45.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Price 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 stock has a 50-day simple moving average of $44.55 and a 200 day simple moving average of $44.26. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -27.04 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.69) earnings per share (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 company had revenue of $337.72 million during the quarter, compared to analysts’ expectations of $334.16 million. On average, equities research analysts forecast that GN Store Nord will post 0.79 EPS for the current fiscal 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 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.