Nokia Oyj (NYSE:NOK – Get Rating)’s share price reached a new 52-week low on Wednesday . The company traded as low as $3.95 and last traded at $3.97, with a volume of 5628644 shares. The stock had previously closed at $4.03.
Analyst Ratings Changes
NOK has been the topic of a number of research reports. TheStreet upgraded shares of Nokia Oyj from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th. Raymond James lowered their price objective on shares of Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, UBS Group cut shares of Nokia Oyj from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $5.73.
Nokia Oyj Trading Up 0.5 %
The company has a market cap of $22.30 billion, a price-to-earnings ratio of 5.01, a price-to-earnings-growth ratio of 5.08 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $4.41 and its 200 day moving average is $4.62.
Nokia Oyj Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 9th. Investors of record on Tuesday, April 25th were given a dividend of $0.0329 per share. This is a boost from Nokia Oyj’s previous quarterly dividend of $0.02. This represents a $0.13 annualized dividend and a yield of 3.33%. The ex-dividend date was Monday, April 24th. Nokia Oyj’s dividend payout ratio (DPR) is presently 11.39%.
Institutional Investors Weigh In On Nokia Oyj
Several hedge funds and other institutional investors have recently bought and sold shares of the company. WealthPlan Investment Management LLC acquired a new stake in shares of Nokia Oyj during the first quarter valued at about $25,000. RFP Financial Group LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Nokia Oyj by 100.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,120 shares of the technology company’s stock worth $29,000 after buying an additional 3,060 shares during the last quarter. O Dell Group LLC purchased a new stake in shares of Nokia Oyj during the 3rd quarter worth approximately $26,000. Finally, Bessemer Group Inc. lifted its position in shares of Nokia Oyj by 62.1% during the 3rd quarter. Bessemer Group Inc. now owns 6,904 shares of the technology company’s stock worth $29,000 after buying an additional 2,644 shares during the last quarter. 7.57% of the stock is currently owned by institutional investors and hedge funds.
Nokia Oyj Company Profile
Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment offers technologies for Radio Access Networks (RAN) as well as Microwave Radio Links (MWR) for transport networks.
- Get a free copy of the StockNews.com research report on Nokia Oyj (NOK)
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