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

Key Points

• Shares gapped up pre-market, opening at $45.11 after a prior close of $42.30, though trading volume was light (about 100 shares).
• Analyst sentiment is mixed with a MarketBeat consensus of Hold (two Buys, three Holds, one Sell) and recent rating changes including Zacks cutting to "strong sell", Jefferies downgrading to Hold, and Barclays upgrading to Overweight.
• Most recent quarter missed expectations: reported EPS of $1.10 vs. $1.26 expected and revenue of $738.87M vs. $760.79M forecast.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $42.30, but opened at $45.11. GN Store Nord shares last traded at $45.11, with a volume of 100 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on GNNDY. Zacks Research lowered GN Store Nord from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 12th. Jefferies Financial Group lowered shares of GN Store Nord from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 18th. Finally, Barclays raised GN Store Nord from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold".

GN Store Nord Stock Up 1.4%

The firm has a fifty day simple moving average of $47.60 and a 200 day simple moving average of $49.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.86 and a current ratio of 1.18. The company has a market cap of $2.24 billion, a PE ratio of 21.61 and a beta of 1.94.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.26 by ($0.16). The company had revenue of $738.87 million during the quarter, compared to analysts' expectations of $760.79 million. GN Store Nord had a net margin of 3.97% and a return on equity of 6.31%. Equities research analysts predict that GN Store Nord will post 4.93 EPS for the current year.

About GN Store Nord

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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