Zacks Investment Research cuts sale of GN Store Nord A/S (OTCMKTS: GNNDY)

GN Store Nord A/S (OTCMKTS: GNNDY – Get Review) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note released Tuesday to investors, 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 hands-free communication solutions in the form of headsets for mobile phones and traditional phones. The GN ReSound segment operates in the hearing aid industry, and produces and sells health hearing aids and related products. It offers hearing aids and accessories under the ReSound, Beltone and Interton brands. GN Store Nord A/S is based in Ballerup, Denmark. “

Other research analysts have also recently published research reports on the stock. Credit Suisse Group reduced its price target on shares of GN Store Nord A/S from 370.00 to 295.00 and set a “neutral” rating on the stock in a Friday May 6 research note. JPMorgan Chase & Co. raised its price target on GN Store Nord A/S shares from 522.00 to 538.00 and gave the stock an ‘overweight’ rating in a Tuesday 29 research note. march. One equity research analyst has assigned the stock a sell rating, three have issued a hold rating and two have assigned the stock a buy rating. According to, GN Store Nord A/S currently has a consensus rating of “Hold” and an average price target of $322.67.

GNNDY stock traded at $4.50 during Tuesday’s trading, hitting $120.75. The company had a trading volume of 2,576 shares, compared to an average volume of 2,709. The company has a market capitalization of $5.52 billion, a P/E ratio of 16.01 and a beta of 0.70. . GN Store Nord A/S has a 52 week minimum of $91.25 and a 52 week maximum of $286.11. The company has a 50-day simple moving average of $118.47 and a 200-day simple moving average of $151.46. The company has a quick ratio of 1.64, a current ratio of 1.95 and a debt ratio of 1.53.

About GN Store Nord A/S (Get a rating)

GN Store Nord A/S develops, manufactures and markets audio and video communication solutions for medical, professional and consumer technology solutions in Denmark, the rest of Europe, North America and internationally. It operates in two segments, GN Hearing and GN Audio. The GN Hearing segment produces and sells hearing aids and hearing products.

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