GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – What’s Next?

by · The Cerbat Gem

Shares of GN Store Nord (OTCMKTS:GNNDY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $53.51, but opened at $50.26. GN Store Nord shares last traded at $50.26, with a volume of 34 shares changing hands.

Analyst Upgrades and Downgrades

GNNDY has been the topic of a number of recent analyst reports. Barclays raised shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Citigroup restated a “buy” rating on shares of GN Store Nord in a research report on Thursday, October 23rd. Zacks Research downgraded shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a research note on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on GN Store Nord

GN Store Nord Stock Down 6.1%

The firm has a market capitalization of $2.53 billion, a PE ratio of 24.64 and a beta of 1.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.82 and a current ratio of 1.14. The company’s 50 day simple moving average is $50.17 and its 200-day simple moving average is $49.27.

GN Store Nord (OTCMKTS:GNNDY – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.41). The business had revenue of $611.77 million for the quarter, compared to the consensus estimate of $622.58 million. GN Store Nord had a net margin of 4.05% and a return on equity of 6.49%. On average, analysts forecast that GN Store Nord will post 4.93 EPS for the current fiscal year.

GN Store Nord Company Profile

(Get Free Report)

GN Store Nord A/S provides hearing, audio, video, and gaming solutions in Denmark, rest of Europe, North America, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products. The GN Audio segment supplies headsets, video cameras, and speakerphones for professional use and consumer products.

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