Barometer Capital Management Inc. Acquires New Shares in Nokia Oyj (NYSE:NOK)

Barometer Capital Management Inc. acquired a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,500 shares of the technology company's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Foundations Investment Advisors LLC bought a new stake in shares of Nokia Oyj during the 4th quarter worth about $45,000. D.A. Davidson & CO. bought a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $46,000. Wedmont Private Capital acquired a new position in shares of Nokia Oyj in the fourth quarter valued at approximately $47,000. Wealthstream Advisors Inc. bought a new position in shares of Nokia Oyj during the fourth quarter worth approximately $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Nokia Oyj during the fourth quarter worth approximately $58,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com cut Nokia Oyj from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating for the company in a research note on Friday, February 21st. The Goldman Sachs Group lowered shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. Finally, Craig Hallum boosted their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Nokia Oyj currently has an average rating of "Moderate Buy" and an average price target of $5.85.

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Nokia Oyj Price Performance

NYSE:NOK traded up $0.05 during mid-day trading on Monday, reaching $5.01. The stock had a trading volume of 6,637,275 shares, compared to its average volume of 17,576,342. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The stock has a market capitalization of $27.32 billion, a PE ratio of 20.04, a P/E/G ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. The stock has a 50-day simple moving average of $5.05 and a two-hundred day simple moving average of $4.68.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. On average, equities analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj Company 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.