GN Store Nord (OTCMKTS:GNNDY) Issues Quarterly Earnings Results

GN Store Nord (OTCMKTS:GNNDY) issued its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.45), Zacks reports. GN Store Nord had a negative net margin of 4.32% and a negative return on equity of 2.44%.

GN Store Nord Stock Performance

Shares of GN Store Nord stock traded up $4.97 during trading hours on Thursday, hitting $55.03. The company’s stock had a trading volume of 629 shares, compared to its average volume of 472. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64. The business has a 50 day moving average price of $47.45 and a two-hundred day moving average price of $45.57. GN Store Nord has a 12-month low of $39.45 and a 12-month high of $55.78.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, GN Store Nord has a consensus rating of “Hold”.

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 into a global provider of hearing, audio and communications technologies.

Through its GN Hearing business, the company develops and sells hearing aids, accessories and related solutions under brands including ReSound, Beltone and Interton. Its products are designed to support people with hearing loss and are distributed through hearing-care professionals and retail channels in markets around the world.

GN’s GN Audio business provides professional headsets, speakerphones, video-conferencing equipment and related communications software under the Jabra brand.