Nokia Oyj Stock Hits New 52-Week Low (NOK)

NEW YORK (TheStreet) -- Nokia Oyj (NYSE:NOK) hit a new 52-week low Friday as it is currently trading at $4.81, below its previous 52-week low of $4.82 with 3.6 million shares traded as of 9:50 a.m. ET. Average volume has been 29 million shares over the past 30 days.

Nokia Oyj has a market cap of $18.62 billion and is part of the technology sector and telecommunications industry. Shares are down 51.4% year to date as of the close of trading on Thursday.

Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. Its Devices & Services segment develops and manages a portfolio of mobile devices; and services comprising applications and content. The company has a P/E ratio of 7.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Nokia Oyj Ratings Report.

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