GN Store Nord (OTCMKTS:GNNDY) Sees Strong Trading Volume – Time to Buy?

Shares of GN Store Nord (OTCMKTS:GNNDY) saw unusually-strong trading volume on Thursday . Approximately 1,200 shares were traded during trading, an increase of 125% from the previous session’s volume of 533 shares.The stock last traded at $45.52 and had previously closed at $43.03.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

GN Store Nord Stock Performance

The stock has a 50 day moving average price of $44.19 and a two-hundred day moving average price of $44.20. 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 company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -25.27 and a beta of 1.66.

GN Store Nord (OTCMKTS:GNNDY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.41). GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.42%. The company had revenue of $337.72 million during the quarter, compared to analyst estimates of $334.16 million. On average, analysts predict 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.