GN Store Nord (OTCMKTS:GNNDY) Sees Large Volume Increase - Here's What Happened

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.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) saw unusually-strong 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.

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, August 22nd. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Reduce".

GN Store Nord Stock Up 0.0%

The company has a current ratio of 1.14, a quick ratio of 0.84 and a debt-to-equity ratio of 0.83. The firm's 50-day moving average price is $49.02 and its two-hundred day moving average price is $46.85.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.52 earnings per share for the quarter. The business had revenue of $632.59 million during the quarter. GN Store Nord had a net margin of 5.19% and a return on equity of 8.49%. On average, equities research analysts forecast that GN Store Nord will post 4.93 EPS for the current 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.