Shares of Nokia Oyj (NYSE:NOK) were gapping down Thursday morning with an open price 10.3% lower than Wednesday's closing price. The stock closed at $3.58 yesterday and opened today's trading at $3.21.
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) -- Shares of Nokia Oyj (NYSE: NOK) were gapping down Thursday morning with an open price 10.3% lower than Wednesday's closing price. The stock closed at $3.58 Wednesday and opened today's trading at $3.21.
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The average volume for Nokia Oyj has been 45.9 million shares per day over the past 30 days. Nokia Oyj has a market cap of $12.88 billion and is part of the technology sector and telecommunications industry. Shares are down 9.4% year to date as of the close of trading on Wednesday. Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. TheStreet Ratings rates Nokia Oyj as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.