NEW YORK ( TheStreet) -- Nokia Oyj (NYSE: NOK) hit a new 52-week low Friday as it is currently trading at $3.76, below its previous 52-week low of $3.79 with 24.2 million shares traded as of 10:35 a.m. ET. Average volume has been 32.2 million shares 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 down 20.7% year to date as of the close of trading on Thursday.

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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