GN Store Nord (OTCMKTS:GNNDY) Shares Up 6.5% - What's Next?

Key Points

• Shares jumped 6.5%, rising to $45.05 on Friday from a prior close of $42.30 with volume about 38% above the session average (trading as high as $45.18).
• Analyst opinions are mixed with a MarketBeat consensus of "Hold"; Barclays upgraded to overweight while Jefferies and Zacks issued downgrades.
• GN Store Nord missed quarterly estimates (EPS $1.10 vs. $1.26 expected; revenue $738.87M vs. $760.79M), has a $2.23B market cap and is trading below its 50- and 200-day moving averages.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) shot up 6.5% during trading on Friday . The company traded as high as $45.18 and last traded at $45.05. 815 shares changed hands during trading, an increase of 38% from the average session volume of 590 shares. The stock had previously closed at $42.30.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GNNDY. Barclays upgraded shares of GN Store Nord from an "equal weight" rating to an "overweight" rating in a report on Monday, November 24th. Jefferies Financial Group lowered shares of GN Store Nord from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Zacks Research downgraded shares of GN Store Nord from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

GN Store Nord Trading Up 4.6%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.18 and a quick ratio of 0.86. The business's 50-day simple moving average is $47.76 and its two-hundred day simple moving average is $49.97. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 21.48 and a beta of 1.94.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.