GN Store Nord A/S (OTCMKTS:GNNDY) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

GN Store Nord A/S (OTCMKTS:GNNDY)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $56.15 and traded as low as $50.81. GN Store Nord A/S shares last traded at $51.40, with a volume of 842 shares trading hands.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded GN Store Nord A/S to a “strong sell” rating in a research report on Monday, October 21st.

GN Store Nord A/S Price Performance

The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 16.63 and a beta of 1.40. The company’s 50 day moving average is $56.15 and its 200 day moving average is $65.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.69 and a quick ratio of 0.45.

GN Store Nord A/S (OTCMKTS:GNNDY) last issued its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter. The company had revenue of $613.40 million during the quarter. GN Store Nord A/S had a net margin of 3.67% and a return on equity of 10.62%. Research analysts forecast that GN Store Nord A/S will post 3.56 earnings per share for the current fiscal year.

GN Store Nord A/S Company Profile

GN Store Nord A/S provides hearing, audio, video, and gaming solutions in Denmark, rest of Europe, North America, and internationally. The company operates through GN Hearing and GN Audio segments. The GN Hearing segment produces and sells hearing instruments and products. The GN Audio segment supplies headsets, video cameras, and speakerphones for professional use and consumer products.