GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down – What’s Next?

GN Store Nord (OTCMKTS:GNNDY)’s share price gapped down before the market opened on Friday. The stock had previously closed at $48.55, but opened at $46.78. GN Store Nord shares last traded at $46.78, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised GN Store Nord from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, GN Store Nord has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The firm has a market cap of $2.36 billion, a P/E ratio of -26.02 and a beta of 1.66. The company has a current ratio of 0.94, a quick ratio of 0.64 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average is $44.80 and its two-hundred day moving average is $44.34.

GN Store Nord (OTCMKTS:GNNDY) last issued its quarterly earnings data on Wednesday, August 19th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.41). The company had revenue of $337.72 million for the quarter, compared to the consensus estimate of $334.16 million. GN Store Nord had a negative return on equity of 2.44% and a negative net margin of 4.32%. As a group, equities 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.