Nokia Oyj (NYSE:NOK) Sets New 1-Year High at $4.10

Nokia Oyj (NYSE:NOK - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $4.10 and last traded at $4.09, with a volume of 4381223 shares. The stock had previously closed at $3.98.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $3.89.

Nokia Oyj Stock Performance

The stock's 50-day simple moving average is $3.81 and its 200 day simple moving average is $3.70. The company has a market capitalization of $22.51 billion, a PE ratio of 25.47, a P/E/G ratio of 4.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. As a group, research analysts expect that Nokia Oyj will post 0.37 earnings per share for the current fiscal year.

Institutional Trading of Nokia Oyj

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NOK. Pzena Investment Management LLC lifted its holdings in shares of Nokia Oyj by 29.0% in the 1st quarter. Pzena Investment Management LLC now owns 67,489,193 shares of the technology company's stock valued at $238,912,000 after purchasing an additional 15,175,751 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in Nokia Oyj by 5.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company's stock valued at $365,152,000 after buying an additional 5,087,927 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Nokia Oyj by 379.3% during the fourth quarter. BNP Paribas Financial Markets now owns 1,493,893 shares of the technology company's stock worth $5,109,000 after acquiring an additional 1,182,184 shares during the last quarter. TSP Capital Management Group LLC increased its holdings in shares of Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company's stock valued at $7,715,000 after acquiring an additional 1,027,600 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company's stock valued at $6,193,000 after purchasing an additional 867,297 shares during the last quarter. Institutional investors and hedge funds 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.