GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down - Should You Sell?

Key Points

• GN Store Nord's shares gapped down from a previous close of $48.40 to open at $42.07 on Friday, indicating a significant drop in stock value.
• Kepler Capital Markets downgraded GN Store Nord from a "strong-buy" rating to a "hold" rating on April 28th, signaling a change in analyst sentiment.
• The company reported $0.21 earnings per share for the last quarter, with anticipated earnings of $4.93 per share for the current year.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $48.40, but opened at $42.07. GN Store Nord shares last traded at $42.07, with a volume of 6 shares.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets lowered shares of GN Store Nord from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th.

GN Store Nord Stock Performance

The stock has a market capitalization of $2.12 billion, a PE ratio of 17.53 and a beta of 1.76. The firm's fifty day moving average is $45.85 and its 200-day moving average is $48.47. The company has a current ratio of 1.13, a quick ratio of 0.80 and a debt-to-equity ratio of 0.81.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $562.08 million for the quarter. GN Store Nord had a net margin of 4.71% and a return on equity of 7.91%. As a group, research analysts anticipate that GN Store Nord will post 4.93 earnings per share for the current year.

About GN Store Nord

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.