Pre-Market Activity Shows Heavy Volume And Movement For Nokia Oyj (NOK) - TheStreet

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 $56.7 million.
  • NOK traded 6.8 million shares today in the pre-market hours as of 9:11 AM, representing 84.8% 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 96. Currently there are 6 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 10.5 million shares per day over the past 30 days. Nokia Oyj has a market cap of $24.7 billion and is part of the technology sector and telecommunications industry. Shares are down 16.3% 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

buy

. 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, reasonable valuation levels, expanding profit margins and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:

  • 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 1.56, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Communications Equipment industry and the overall market, NOKIA CORP's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • 49.18% is the gross profit margin for NOKIA CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 10.62% trails the industry average.
  • Regardless of the drop in revenue, the company managed to outperform against the industry average of 10.4%. Since the same quarter one year prior, revenues slightly dropped by 8.2%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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