Nokia Oyj Stock Gaps Down On Today's Open (NOK)

NEW YORK ( TheStreet) -- Shares of Nokia Oyj (NYSE: NOK) were gapping down Wednesday morning with an open price 13.3% lower than Tuesday's closing price. The stock closed at $5.03 Tuesday and opened today's trading at $4.36.

The average volume for Nokia Oyj has been 32.2 million shares per day over the past 30 days. Nokia Oyj has a market cap of $19.25 billion and is part of the technology sector and telecommunications industry. Shares are up 6.6% year to date as of the close of trading on Tuesday.

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.

TheStreet Ratings rates Nokia Oyj as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Nokia Oyj Ratings Report.

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