Nokia Oyj Target of Unusually High Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK - Get Free Report) was the target of some unusual options trading on Thursday. Traders bought 30,735 call options on the company. This is an increase of 211% compared to the average volume of 9,878 call options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PEAK6 Investments LLC purchased a new position in Nokia Oyj in the third quarter worth about $45,000. Foundations Investment Advisors LLC purchased a new position in Nokia Oyj in the fourth quarter worth about $45,000. D.A. Davidson & CO. purchased a new position in Nokia Oyj in the fourth quarter worth about $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj in the fourth quarter worth about $47,000. Finally, Wealthstream Advisors Inc. purchased a new position in Nokia Oyj in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Analyst Ratings Changes

NOK has been the topic of a number of recent analyst reports. Craig Hallum raised their price target on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a report on Monday, January 6th. StockNews.com cut Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. The Goldman Sachs Group cut Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price target on the stock. in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and five have issued 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 target price of $5.85.

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Nokia Oyj Price Performance

Shares of Nokia Oyj stock traded down $0.09 during trading on Monday, reaching $5.15. 25,129,261 shares of the stock traded hands, compared to its average volume of 21,909,219. The company has a market capitalization of $28.05 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 6.43 and a beta of 1.11. The business has a fifty day simple moving average of $4.75 and a two-hundred day simple moving average of $4.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.28.

Nokia Oyj (NYSE:NOK - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 earnings per share 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%. Sell-side analysts expect that Nokia Oyj will post 0.34 EPS 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.