Nokia Oyj (NOK): Today's Featured Telecommunications Loser
(
) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 0.9%. By the end of trading, Nokia Oyj fell 11 cents (-2%) to $5.50 on average volume. Throughout the day, 34.8 million shares of Nokia Oyj exchanged hands as compared to its average daily volume of 28.5 million shares. The stock ranged in price between $5.42-$5.63 after having opened the day at $5.60 as compared to the previous trading day's close of $5.61. Other company's within the Telecommunications industry that declined today were:
(
), down 12.7%,
eOn Communications Corporation
(
), down 10.4%,
(
), down 10.1%, and
(
), down 8.8%.
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. Nokia Oyj has a market cap of $19.63 billion and is part of the
sector. The company has a P/E ratio of eight, below the average telecommunications industry P/E ratio of 24.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 45.6% year to date as of the close of trading on Monday.
TheStreet Ratings rates Nokia Oyj as a
. 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.
On the positive front,
(
), up 204.5%,
(
), up 9.7%,
(
), up 9.1%, and
(
), up 8.3%, were all gainers within the telecommunications industry with
(
) being today's featured telecommunications industry winner.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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