GN Store Nord A/S (OTCMKTS:GNNDY) Stock Rating Lowered by Zacks Investment Research

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GN Store Nord A/S (OTCMKTS:GNNDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday, 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. “

Several other analysts also recently issued reports on GNNDY. JPMorgan Chase & Co. reissued a “neutral” rating on shares of GN Store Nord A/S in a research note on Tuesday, October 6th. Citigroup started coverage on GN Store Nord A/S in a research report on Thursday, October 8th. They set a “buy” rating on the stock. Morgan Stanley upgraded GN Store Nord A/S from an “underweight” rating to an “overweight” rating in a research report on Wednesday, December 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of GN Store Nord A/S in a research note on Monday, October 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. GN Store Nord A/S currently has an average rating of “Buy” and a consensus price target of $265.00.

GNNDY stock opened at $226.80 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.23 and a quick ratio of 0.93. The firm has a market capitalization of $10.76 billion, a P/E ratio of 50.74 and a beta of 0.47. GN Store Nord A/S has a 52-week low of $123.32 and a 52-week high of $247.30. The company’s 50 day simple moving average is $234.59 and its 200-day simple moving average is $214.42.

About GN Store Nord A/S

GN Store Nord A/S develops, manufactures, and markets medical, professional, and consumer audio 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.

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