Jefferies Financial Group Downgrades GN Store Nord (OTCMKTS:GNNDY) to Hold

Key Points

• Jefferies downgraded GN Store Nord from "strong-buy" to "hold," and MarketBeat's analyst consensus is currently a Hold (two Buys, three Holds, one Sell).
• Shares opened at $42.30 and were trading down about 4.9%; the stock has a market cap of $2.13 billion, a trailing PE of 20.5, and a 12‑month range of $36.83–$57.22.
• The company missed quarterly estimates, reporting $1.10 EPS versus $1.26 expected and $738.9M in revenue versus $760.8M expected, with analysts forecasting roughly 4.93 EPS for the current fiscal year.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) was downgraded by stock analysts at Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Royal Bank Of Canada upgraded GN Store Nord to a "hold" rating in a research report on Tuesday, November 18th. Zacks Research lowered GN Store Nord from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 12th. Finally, Barclays upgraded GN Store Nord from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 24th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

GN Store Nord Trading Down 4.9%

Shares of GNNDY opened at $42.30 on Wednesday. GN Store Nord has a twelve month low of $36.83 and a twelve month high of $57.22. The stock has a market cap of $2.13 billion, a PE ratio of 20.53 and a beta of 1.94. The company has a quick ratio of 0.86, a current ratio of 1.18 and a debt-to-equity ratio of 0.79. The business's 50-day moving average price is $47.76 and its 200-day moving average price is $49.97.

GN Store Nord (OTCMKTS:GNNDY - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.16). The firm had revenue of $738.87 million during 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, equities analysts forecast that GN Store Nord will post 4.93 EPS for the current fiscal 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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