Nokia Oyj (NYSE:NOK) Shares Gap Up - What's Next?

Nokia Oyj (NYSE:NOK - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $5.27, but opened at $5.40. Nokia Oyj shares last traded at $5.34, with a volume of 2,859,516 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on NOK. JPMorgan Chase & Co. lowered their price target on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Craig Hallum increased their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, January 6th. The Goldman Sachs Group downgraded Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a research report on Thursday, January 16th. Finally, StockNews.com cut Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

Nokia Oyj Trading Down 4.3 %

The business has a 50-day moving average of $5.02 and a two-hundred day moving average of $4.65. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $25.98 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 6.43 and a beta of 0.97.

Remove Ads

Nokia Oyj (NYSE:NOK - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating 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%. Research analysts predict that Nokia Oyj will post 0.34 EPS for the current fiscal year.

Institutional Trading of Nokia Oyj

Several institutional investors have recently made changes to their positions in NOK. Foundations Investment Advisors LLC bought a new position in Nokia Oyj during the fourth quarter worth about $45,000. D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj in the 4th quarter worth approximately $46,000. PEAK6 Investments LLC bought a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $45,000. Wedmont Private Capital acquired a new stake in Nokia Oyj in the 4th quarter valued at $47,000. Finally, Wealthstream Advisors Inc. bought a new stake in Nokia Oyj in the fourth quarter valued at $49,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

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.