GN Store Nord (OTCMKTS:GNNDY) Sets New 1-Year Low – Should You Sell?

GN Store Nord (OTCMKTS:GNNDY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $39.4530 and last traded at $39.4530, with a volume of 2 shares changing hands. The stock had previously closed at $40.6610.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of GN Store Nord in a research report on Thursday, April 30th. Jefferies Financial Group cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, Zacks Research downgraded GN Store Nord from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 16th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

GN Store Nord Trading Up 0.4%

The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $44.00 and its 200 day moving average is $46.58. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -33.11 and a beta of 1.65.

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

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.