Nokia Oyj (NOK): Today's Featured Technology Laggard

Nokia Oyj ( NOK) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 1.4%. By the end of trading, Nokia Oyj fell $0.10 (-2.6%) to $3.81 on light volume. Throughout the day, 23,867,373 shares of Nokia Oyj exchanged hands as compared to its average daily volume of 33,973,100 shares. The stock ranged in price between $3.78-$3.92 after having opened the day at $3.90 as compared to the previous trading day's close of $3.91. Other companies within the Technology sector that declined today were: Amtech Systems ( ASYS), down 11.2%, Qualstar Corporation ( QBAK), down 8.6%, Elephant Talk Communications ( ETAK), down 7.7% and Digital Power Corporation ( DPW), down 7.3%.

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. Nokia Oyj has a market cap of $14.4 billion and is part of the telecommunications industry. Shares are down 1.0% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Nokia Oyj a buy, 7 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Nokia Oyj as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.

On the positive front, GT Advanced Technologies ( GTAT), up 13.8%, Towerstream Corporation ( TWER), up 13.0%, Intevac ( IVAC), up 12.1% and InfoSonics Corporation ( IFON), up 11.6% , were all gainers within the technology sector with Western Digital Corporation ( WDC) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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