Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified

Nokia Oyj

(

NOK

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Nokia Oyj as such a stock due to the following factors:

  • NOK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.3 million.
  • NOK traded 1.9 million shares today in the pre-market hours as of 8:19 AM, representing 18.6% of its average daily volume.

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More details on NOK:

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The stock currently has a dividend yield of 3.2%. NOK has a PE ratio of 95. Currently there are 5 analysts that rate Nokia Oyj a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for Nokia Oyj has been 15.7 million shares per day over the past 30 days. Nokia Oyj has a market cap of $24.5 billion and is part of the technology sector and telecommunications industry. Shares are down 15.8% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Nokia Oyj as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Communications Equipment industry. The net income increased by 157.7% when compared to the same quarter one year prior, rising from -$329.27 million to $190.12 million.
  • The current debt-to-equity ratio, 0.31, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, NOK has a quick ratio of 1.51, which demonstrates the ability of the company to cover short-term liquidity needs.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 11.2%. Since the same quarter one year prior, revenues slightly dropped by 7.9%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Net operating cash flow has decreased to -$213.75 million or 12.42% when compared to the same quarter last year. Despite a decrease in cash flow NOKIA CORP is still fairing well by exceeding its industry average cash flow growth rate of -22.44%.
  • NOK has underperformed the S&P 500 Index, declining 12.50% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

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