Shares of Nokia Corporation (NYSE:NOK) were gapping down Friday morning with an open price 11.7% lower than Thursday's closing price. The stock closed at $10.88 yesterday and opened today's trading at $9.61.
NEW YORK ( TheStreet) -- Shares of Nokia Corporation (NYSE: NOK) were gapping down Friday morning with an open price 11.7% lower than Thursday's closing price. The stock closed at $10.88 Thursday and opened today's trading at $9.61. The average volume for Nokia has been 20.7 million shares per day over the past 30 days. Nokia has a market cap of $43.9 billion and is part of the technology sector and telecommunications industry. Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. The company has a P/E ratio of 34.5, above the average telecommunications industry P/E ratio of 17.5 and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates Nokia as hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and a generally disappointing performance in the stock itself. You can view the full Nokia Ratings Report.