GN Store Nord (OTCMKTS:GNNDY) Shares Gap Up - Here's What Happened

Key Points

• Gapped up: GN Store Nord shares opened at $46.835 (previous close $45.02), but the move showed negligible participation with only 1 share reported traded.
• Analyst views are mixed—two Buys, two Holds and one Sell—producing a consensus rating of "Hold", and the company recently missed quarterly estimates (EPS $1.10 vs. $1.26 expected; revenue $738.9M vs. $760.8M expected).

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $45.02, but opened at $46.8350. GN Store Nord shares last traded at $46.8350, with a volume of 1 shares traded.

Analyst Upgrades and Downgrades

GNNDY has been the topic of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating on shares of GN Store Nord in a research note on Thursday. Jefferies Financial Group lowered shares of GN Store Nord from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 18th. Finally, Zacks Research cut shares of GN Store Nord from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

GN Store Nord Stock Down 1.1%

The stock has a 50-day moving average of $45.30 and a two-hundred day moving average of $48.35. The company has a market cap of $2.33 billion, a P/E ratio of 22.51 and a beta of 1.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.16). The business had revenue of $738.87 million for the quarter, compared to the consensus estimate of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. On average, research analysts anticipate that GN Store Nord will post 4.05 EPS for the current fiscal year.

GN Store Nord Company Profile

GN Store Nord A/S is a Denmark‐based technology company specializing in intelligent audio solutions. The group operates through two primary business units: GN Hearing, which develops and manufactures advanced hearing aids and associated hearing care technologies, and GN Audio, which produces professional and consumer headsets under the Jabra brand. GN Store Nord's product portfolio spans digital hearing devices, wireless headsets, speakerphones and earbuds, all designed to enhance communication and improve listening experiences for individuals and enterprises alike.

Under the GN Hearing division, the company offers a range of hearing aids and wireless accessories that leverage digital signal processing, artificial intelligence and direct audio streaming.

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