NEW YORK (

TheStreet

) --

Nokia Oyj

(NYSE:

NOK

) hit a new 52-week low Thursday as it is currently trading at $2.66, below its previous 52-week low of $2.68 with 9.8 million shares traded as of 10:40 a.m. ET. Average volume has been 39.3 million shares over the past 30 days.

Nokia Oyj has a market cap of $11.05 billion and is part of the

technology

sector and

telecommunications

industry. Shares are down 38.8% year to date as of the close of trading on Wednesday.

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.

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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, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full

Nokia Oyj Ratings Report

.

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