GN Store Nord (OTCMKTS:GNNDY) Stock Passes Below 50 Day Moving Average – What’s Next?

GN Store Nord (OTCMKTS:GNNDY) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $45.20 and traded as low as $40.34. GN Store Nord shares last traded at $40.34, with a volume of 321 shares changing hands.

Wall Street Analysts Forecast Growth

GNNDY has been the topic of several research analyst reports. Jefferies Financial Group cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research note on Thursday, April 30th. Finally, Zacks Research raised shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

GN Store Nord Trading Down 3.4%

The stock has a market capitalization of $2.03 billion, a P/E ratio of -33.34 and a beta of 1.65. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.69. The business’s 50 day simple moving average is $45.20 and its 200-day simple moving average is $47.07.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($1.92). GN Store Nord had a negative net margin of 2.53% and a positive return on equity of 1.31%. The business had revenue of $606.94 million during the quarter, compared to the consensus estimate of $614.94 million. As a group, analysts forecast that GN Store Nord will post 0.79 EPS for the current 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.