13,426 Shares in Nokia Oyj (NYSE:NOK) Bought by Syon Capital LLC

Syon Capital LLC bought a new position in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,426 shares of the technology company’s stock, valued at approximately $46,000.

Other large investors have also bought and sold shares of the company. Capital Management Associates Inc bought a new position in Nokia Oyj during the 4th quarter worth $34,000. Tieton Capital Management LLC bought a new position in shares of Nokia Oyj in the 4th quarter worth about $34,000. Peapack Gladstone Financial Corp bought a new position in shares of Nokia Oyj in the 4th quarter worth about $35,000. Crestwood Advisors Group LLC bought a new position in shares of Nokia Oyj in the 3rd quarter worth about $37,000. Finally, Greenleaf Trust bought a new position in shares of Nokia Oyj in the 4th quarter worth about $38,000. 5.28% of the stock is owned by institutional investors.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $3.70 on Wednesday. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36. The stock’s 50 day moving average price is $3.72 and its 200-day moving average price is $3.57. The company has a market capitalization of $20.43 billion, a PE ratio of 23.13, a PEG ratio of 1.17 and a beta of 1.10. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, April 18th. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.19 billion. On average, equities analysts anticipate that Nokia Oyj will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $4.42.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.