GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase - Still a Buy?

Key Points

• GN Store Nord's stock saw a significant volume increase of 121%, with approximately 1,302 shares traded on Monday, pushing its price to $55.72.
• Analysts have upgraded GN Store Nord from a "strong sell" to a "hold" rating, though the stock still holds an average rating of "Reduce" based on analyst assessments.
• The company announced a quarterly revenue of $632.59 million and reported earnings per share of $0.52, with future EPS expectations of 4.93 for the fiscal year.

Shares of GN Store Nord (OTCMKTS:GNNDY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 1,302 shares traded hands during mid-day trading, an increase of 121% from the previous session's volume of 588 shares.The stock last traded at $55.72 and had previously closed at $54.15.

Analysts Set New Price Targets

Separately, Zacks Research upgraded GN Store Nord from a "strong sell" rating to a "hold" rating in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce".

GN Store Nord Stock Performance

The stock has a 50-day moving average of $48.30 and a 200-day moving average of $46.77. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 21.35 and a beta of 1.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.84 and a current ratio of 1.14.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last announced its earnings results on Thursday, August 21st. The company reported $0.52 earnings per share (EPS) for the quarter. GN Store Nord had a return on equity of 8.49% and a net margin of 5.19%.The business had revenue of $632.59 million for the quarter. As a group, analysts anticipate that GN Store Nord will post 4.93 EPS for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord A/S provides hearing, audio, video, and gaming solutions in Denmark, rest of Europe, North America, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products. The GN Audio segment supplies headsets, video cameras, and speakerphones for professional use and consumer products.

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