GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Still a Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) saw unusually-strong trading volume on Tuesday. 2,550 shares were traded during mid-day trading, an increase of 341% from the previous session’s volume of 578 shares. The stock last traded at $48.06 and had previously closed at $47.25.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

GN Store Nord Trading Up 0.1%

The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -26.66 and a beta of 1.65. The business has a 50-day simple moving average of $46.03 and a two-hundred day simple moving average of $44.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.64 and a current ratio of 0.94.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data 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). The business had revenue of $337.72 million during the quarter, compared to analyst estimates of $334.16 million. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%. As a group, research analysts forecast that GN Store Nord will post 0.79 EPS for the current year.

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark-based technology company that develops solutions for hearing, audio and communications. The group is headquartered in Ballerup, Denmark, and serves consumers, businesses and hearing-care professionals in markets worldwide.

Through GN Hearing, the company designs and supplies hearing aids, wireless accessories, audiology products and related support services. Its hearing solutions are marketed under brands including ReSound, Beltone and Interton, and are distributed through hearing-care providers, retail channels and other professional networks.

GN Audio develops professional and consumer audio products, including headsets, earbuds, speakerphones and video-conferencing equipment.