GN Store Nord A/S (OTCMKTS:GNNDY) Stock Crosses Below 50-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 traded.

Wall Street Analysts Forecast Growth

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

GN Store Nord A/S Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.69 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.59 billion, a P/E ratio of 26.09 and a beta of 1.40. The business has a fifty day simple moving average of $56.15 and a 200-day simple moving average of $65.71.

GN Store Nord A/S (OTCMKTS:GNNDY) last issued its quarterly 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%. On average, sell-side analysts predict that GN Store Nord A/S will post 3.56 EPS for the current fiscal year.

About GN Store Nord A/S

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.