Nokia Oyj Stock Hits New 52-Week Low (NOK)

NEW YORK ( TheStreet) -- Nokia Oyj (NYSE: NOK) hit a new 52-week low Monday as it is currently trading at $2.19, below its previous 52-week low of $2.30 with 11.2 million shares traded as of 10 a.m. ET. Average volume has been 41.4 million shares over the past 30 days.

Nokia Oyj has a market cap of $8.91 billion and is part of the technology sector and telecommunications industry. Shares are down 50.6% year to date as of the close of trading on Friday.

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.

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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.

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