Shares of Nokia Oyj (NYSE:NOK) were gapping down Thursday morning with an open price 12.5% lower than Wednesday's closing price. The stock closed at $2.79 yesterday and opened today's trading at $2.44.
NEW YORK ( TheStreet) -- Shares of Nokia Oyj (NYSE: NOK) were gapping down Thursday morning with an open price 12.5% lower than Wednesday's closing price. The stock closed at $2.79 Wednesday and opened today's trading at $2.44. The average volume for Nokia Oyj has been 39.6 million shares per day over the past 30 days. Nokia Oyj has a market cap of $10.75 billion and is part of the technology sector and telecommunications industry. Shares are down 42.7% 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. 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. Get more investment ideas from our investment research center.