GN Store Nord (OTCMKTS:GNNDY) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of GN Store Nord (OTCMKTS:GNNDY) from a hold rating to a strong sell rating in a research note released on Monday,Zacks reports.

GN Store Nord Stock Down 2.6%

Shares of GNNDY opened at $53.60 on Monday. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -59.56 and a beta of 1.74. GN Store Nord has a 1 year low of $39.45 and a 1 year high of $55.78. The business’s 50 day simple moving average is $48.03 and its 200-day simple moving average is $45.60. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.94 and a quick ratio of 0.64.

GN Store Nord (OTCMKTS:GNNDY) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.45). The business had revenue of $340.50 million during the quarter, compared to the consensus estimate of $342.80 million. GN Store Nord had a negative return on equity of 2.01% and a negative net margin of 2.50%. As a group, equities analysts expect that GN Store Nord will post 0.78 earnings per share for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord is a Denmark-based company that develops hearing, audio and communications products. Its business includes hearing aids and related solutions, as well as headsets and other audio equipment for professional and personal use. Its brands include ReSound and Beltone in hearing care, and Jabra and BlueParrott in audio and communications. Products serve consumers and organizations across areas such as healthcare, business communications and professional driving. The company traces its roots to the Great Northern Telegraph Company, founded in 1869, and is headquartered in Ballerup, Denmark.