Nokia Oyj Stock Falls On Unusually High Volume (NOK)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Nokia Oyj (NYSE: NOK) is trading at unusually high volume Thursday with 120.9 million shares changing hands. It is currently at two times its average daily volume and trading down 36 cents (-7.7%) at $4.28 as of 1:11 p.m. ET.

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Nokia Oyj has a market cap of $17.14 billion and is part of the technology sector and telecommunications industry. Shares are up 12.2% 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.

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