About 19.81M shares traded or 31.11% up from the average.
The company surged 0.23% and closed its last trading session at $4.29. A total of 10.54 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 12.65 Million shares, while its relative volume stands at 0.83. The company P/S (price to Sales) ratio is 1.07, P/B (price to Book) ratio is 1.43, while its P/C (price to Cash) ratio stands at 3.61.
Nokia Corporation (NOK) stock was most active stock of Wall Street Market on Friday. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The return on assets stands at -1.1%, Return on Equity now is -2.6% and the Return on Investment value is -2.6%. The firm had revenue of $5.58 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the previous year, the business posted $0.04 EPS.
The company P/E (price to earnings) ratio is 0 and Forward P/E ratio is 15.15. The analysts, on average, are forecasting a $52.4 price target, but the stock is already up 2.03% from its recent lows. Nokia Corporation has a consensus rating of "Hold" and a consensus price target of $5.75. On Monday, October 30 the stock rating was downgraded by Argus Research to "Hold". BidaskClub raised shares of Nokia Corporation from a "hold" rating to a "buy" rating in a research note on Sunday, July 16th. BMO Capital Markets set a $6.00 target price on Nokia Corporation and gave the company a "hold" rating in a research report on Wednesday, July 26th. Out of the analyst recommendations 1 rate Nokia Corp (NYSE:NOK) stock a Buy, 4 rate the stock Outperform, 9 rate Hold, 1 rate Underperform and 0 recommend a Sell. Nokia Corporation now has a consensus rating of "Hold" and an average price target of $5.75. Institutional investors own 5.87% of the company's stock. Teachers Advisors LLC increased its position in shares of Nokia Corporation by 53.3% in the second quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company's stock valued at $36,327,000 after purchasing an additional 1,429,672 shares during the period. Teachers Advisors LLC now owns 6,947,398 shares of the technology company's stock worth $42,796,000 after purchasing an additional 2,414,440 shares during the period. Creative Planning increased its position in shares of Nokia Corp.by 12.3% in the second quarter.
Security alert from Google: one million account credentials are stolen every month
Google has conducted a study that delves deeper into how accounts get hacked, taken over, or hijacked. However, despite its familiarity, there is a dearth of research about the root causes of hijacking.
The company has mean EPS estimate of 0.03 reported by 14 number of analyst for the quarter ending Current Qtr.(Dec2017). Finally, JPMorgan Chase & Co. increased its position in shares of Nokia Corporation by 4,241.3% in the second quarter. The stock has performed -4.52% over the last seven days, -18.04% over the last thirty, and -23.22% over the last three months. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company's stock valued at $24,017,000 after purchasing an additional 589,445 shares during the period. Regentatlantic Capital LLC increased its position in shares of Nokia Corp.by 96.8% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 102,153 shares of the technology company's stock worth $629,000 after purchasing an additional 3,327 shares during the last quarter.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.
COPYRIGHT VIOLATION WARNING: "Short Interest in Nokia Corporation (NYSE:NOK) Increases By 11.8%" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law.
Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company's businesses include Nokia Networks and Nokia Technologies. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks.