GN Store Nord A/S (OTCMKTS:GNNDY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

GN Store Nord A/S (OTCMKTS:GNNDY) shares crossed 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.

Wall Street Analysts Forecast Growth

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

GN Store Nord A/S Price Performance

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

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