GN Store Nord (OTCMKTS:GNNDY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• GN Store Nord experienced a significant trading volume increase of 143% on Wednesday, with around 1,370 shares traded compared to 563 the previous session.
• Zacks Research upgraded GN Store Nord's rating from hold to strong-buy, reflecting a positive outlook despite a current consensus rating of "Hold" among analysts.
• The company reported $0.52 EPS for the last quarter and is projected to achieve 4.93 EPS for the current year, indicating growth potential in its financial performance.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 1,370 shares were traded during trading, an increase of 143% from the previous session's volume of 563 shares.The stock last traded at $54.63 and had previously closed at $54.44.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded GN Store Nord from a "hold" rating to a "strong-buy" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold".

GN Store Nord Trading Up 0.6%

The firm has a fifty day simple moving average of $50.20 and a two-hundred day simple moving average of $46.86. The firm has a market cap of $2.76 billion, a PE ratio of 20.83 and a beta of 1.72. The company has a current ratio of 1.14, a quick ratio of 0.84 and a debt-to-equity ratio of 0.83.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its quarterly 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 during the quarter. Equities 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.

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