GN Store Nord (OTCMKTS:GNNDY) Shares Gap Down After Earnings Miss

Shares of GN Store Nord (OTCMKTS:GNNDY) gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $50.58, but opened at $45.01. GN Store Nord shares last traded at $45.66, with a volume of 211 shares trading hands.

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 6.38%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GNNDY shares. Citigroup restated a “buy” rating on shares of GN Store Nord in a research report on Thursday, October 23rd. Royal Bank Of Canada upgraded shares of GN Store Nord to a “hold” rating in a report on Tuesday, November 18th. Zacks Research cut shares of GN Store Nord from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, Barclays upgraded shares of GN Store Nord from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

GN Store Nord Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.82 and a debt-to-equity ratio of 0.81. The company’s 50 day simple moving average is $50.86 and its 200-day simple moving average is $50.74.

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.