GN Store Nord A/S (OTCMKTS: GNNDY) Downgraded to “Strong Sell” at Zacks Investment Research

GN Store Nord A/S (OTCMKTS: GNNDY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released Wednesday, Zacks.com reports.

According to Zacks, “GN Store Nord A/S offers medical hearing aids, professional and consumer headsets. The Company’s operating segments include GN Netcom, GN ReSound and others. The GN Netcom segment sells handheld communication solutions free in the form of headsets for mobile phones, telephones and traditional telephones.The GN ReSound segment operates in the hearing aid industry, and produces and sells hearing aids and related products.It offers hearing aids and accessories under the brands ReSound, Beltone and Interton. GN Store Nord A/S is based in Ballerup, Denmark.”

Several other research analysts have also recently commented on the stock. Morgan Stanley downgraded shares of GN Store Nord A/S from an “overweight” rating to an “equal weight” rating in a Thursday, November 11 report. JPMorgan Chase & Co. cut its price target on GN Store Nord A/S shares from 522.00 to 510.00 in a Friday, January 7 report. Finally, Redburn Partners downgraded shares of GN Store Nord A/S from a “buy” rating to a “neutral” rating in a Friday, November 26 research note. One research analyst rated the stock with a sell rating and four issued a hold rating for the company’s stock. According to MarketBeat, GN Store Nord A/S currently has a consensus rating of “Hold” and an average price target of $391.50.

GNNDY stock opened Wednesday at $180.09. The company has a market capitalization of $8.29 billion, a price-earnings ratio of 23.88 and a beta of 0.52. The company has a 50-day moving average of $180.21 and a two-hundred-day moving average of $215.16. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt ratio of 0.93. GN Store Nord A/S has a 12 month minimum of $158.30 and a 12 month maximum of $286.11.

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About GN Store Nord A/S

GN Store Nord A/S is active in the telecommunications and hearing aid sector. It is also involved in the development and manufacture of headsets and speakerphones for hands-free communication, hearing aids as well as audiological, otoneurological and vestibular instruments. It operates through GN Hearing, GN Audio and Other GN segments.

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