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

GN STORE NORD A/ADR (OTCMKTS:GNNDY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, 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. “

Separately, Goldman Sachs Group upgraded shares of GN STORE NORD A/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, October 31st.

OTCMKTS:GNNDY remained flat at $$140.30 during midday trading on Friday. The firm’s 50 day simple moving average is $133.06 and its 200 day simple moving average is $130.28. GN STORE NORD A/ADR has a fifty-two week low of $106.45 and a fifty-two week high of $152.70. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.67. The company has a market capitalization of $6.16 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.54.

GN STORE NORD A/ADR (OTCMKTS:GNNDY) last announced its quarterly earnings results on Thursday, November 7th. The company reported $1.18 EPS for the quarter. GN STORE NORD A/ADR had a net margin of 11.16% and a return on equity of 28.13%. The firm had revenue of $456.31 million for the quarter. As a group, sell-side analysts predict that GN STORE NORD A/ADR will post 5.68 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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