GN STORE NORD A/ADR (OTCMKTS:GNNDY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of GN STORE NORD A/ADR (OTCMKTS:GNNDY) from a hold rating to a sell rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “GN Store Nord A/S offers medical hearing instruments, professional and consumer headsets. The Company’s operating segments include GN Netcom, GN ReSound and Others. GN Netcom segment sells hands-free communications solutions in the form of headsets for mobile phones and traditional phones. GN ReSound segment operates within the hearing instrument industry, and produces and sells hearing healthcare instruments and related products. It offers hearing aids and accessories under the ReSound, Beltone and Interton brand names. GN Store Nord A/S is based in Ballerup, Denmark. “

Several other research analysts have also issued reports on the stock. Goldman Sachs Group upgraded shares of GN STORE NORD A/ADR from a neutral rating to a buy rating in a report on Thursday, October 31st. Jefferies Financial Group lowered shares of GN STORE NORD A/ADR from a buy rating to an underperform rating in a research note on Tuesday, September 10th.

GN STORE NORD A/ADR stock traded up $1.02 during mid-day trading on Wednesday, hitting $120.20. 100 shares of the stock were exchanged, compared to its average volume of 28. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.74. GN STORE NORD A/ADR has a 12 month low of $106.45 and a 12 month high of $152.70. The firm’s fifty day simple moving average is $121.08 and its two-hundred day simple moving average is $135.82. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 1.37 and a beta of 0.50.

GN STORE NORD A/ADR (OTCMKTS:GNNDY) last released its quarterly earnings results on Thursday, November 7th. The company reported $1.18 earnings per share (EPS) for the quarter. GN STORE NORD A/ADR had a net margin of 11.53% and a return on equity of 26.22%. The firm had revenue of $456.31 million during the quarter. As a group, analysts forecast that GN STORE NORD A/ADR will post 5.49 earnings per share for the current fiscal year.

About GN STORE NORD A/ADR

GN Store Nord A/S develops, manufactures, and markets medical, professional, and consumer audio solutions in Denmark, Europe, North America, Asia, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products.

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