Nokia Oyj (NYSE:NOK) Sees Strong Trading Volume

Nokia Oyj (NYSE:NOK) shares saw unusually-high trading volume on Friday . Approximately 4,840,167 shares were traded during mid-day trading, a decline of 66% from the previous session’s volume of 14,139,865 shares.The stock last traded at $3.78 and had previously closed at $3.73.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.42.

Nokia Oyj Stock Up 1.3 %

The firm has a market cap of $20.88 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 1.18 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. The firm has a fifty day moving average of $3.78 and a 200-day moving average of $3.60.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, April 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.19 billion. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. On average, equities research analysts anticipate that Nokia Oyj will post 0.38 earnings per share for the current year.

Institutional Trading of Nokia Oyj

Institutional investors and hedge funds have recently bought and sold shares of the business. Axxcess Wealth Management LLC bought a new stake in Nokia Oyj in the third quarter valued at approximately $67,000. Sowell Financial Services LLC bought a new stake in Nokia Oyj in the fourth quarter valued at approximately $333,000. First Affirmative Financial Network grew its position in shares of Nokia Oyj by 10.3% in the first quarter. First Affirmative Financial Network now owns 31,351 shares of the technology company’s stock valued at $111,000 after purchasing an additional 2,932 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Nokia Oyj by 22.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock valued at $76,000 after purchasing an additional 3,767 shares during the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of Nokia Oyj by 6.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 81,070 shares of the technology company’s stock valued at $277,000 after purchasing an additional 4,761 shares during the last quarter. Institutional investors own 5.28% of the company’s stock.

About Nokia Oyj

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.