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Nokia Oyj Stock Falls On Unusually High Volume (NOK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK ( TheStreet) -- Nokia Oyj (NYSE: NOK) is trading at unusually high volume Wednesday with 194.2 million shares changing hands. It is currently at four times its average daily volume and trading down 44 cents (-15.6%) at $2.39 as of 3:30 p.m. ET.

Nokia Oyj has a market cap of $10.46 billion and is part of the technology sector and telecommunications industry. Shares are down 41.3% year to date as of the close of trading on Tuesday.

Nokia Corporation provides telecommunications infrastructure hardware, software, and services worldwide. The company offers smart phones and smart devices; and feature phones, and related services and applications.

TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Nokia Oyj Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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