Nokia Corporation (NYSE:NOK)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.96. Nokia Corporation shares last traded at $4.96, with a volume of 18491239 shares traded.

NOK has been the topic of a number of research analyst reports. Vetr raised Nokia Corporation from a “hold” rating to a “buy” rating and set a $6.37 price target on the stock in a research report on Monday, September 25th. Argus lowered Nokia Corporation from a “buy” rating to a “hold” rating and raised their price target for the stock from $4.76 to $4.91 in a research report on Monday, October 30th. BNP Paribas lowered Nokia Corporation from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 21st. Cowen and Company reaffirmed a “hold” rating and set a $5.00 price target on shares of Nokia Corporation in a research report on Friday, July 28th. Finally, BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.75.

The stock has a market cap of $28,947.89, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings results on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The firm had revenue of $5.54 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a positive return on equity of 9.88% and a negative net margin of 2.09%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS. sell-side analysts expect that Nokia Corporation will post 0.33 EPS for the current year.

Several large investors have recently bought and sold shares of the business. Greenleaf Trust increased its position in shares of Nokia Corporation by 2.4% during the 2nd quarter. Greenleaf Trust now owns 33,585 shares of the technology company’s stock worth $207,000 after purchasing an additional 801 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Nokia Corporation by 1.7% during the 2nd quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after purchasing an additional 900 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its stake in shares of Nokia Corporation by 8.5% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock worth $142,000 after acquiring an additional 1,801 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Nokia Corporation by 3.4% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,153 shares of the technology company’s stock worth $629,000 after acquiring an additional 3,327 shares during the period. Finally, American Asset Management Inc. boosted its stake in shares of Nokia Corporation by 7.2% during the 2nd quarter. American Asset Management Inc. now owns 55,477 shares of the technology company’s stock worth $342,000 after acquiring an additional 3,717 shares during the period. 5.87% of the stock is currently owned by hedge funds and other institutional investors.

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About Nokia Corporation

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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