Parametric Portfolio Associates LLC Purchases 439324 Shares of Nokia Oyj (NYSE:NOK)

Joanna Estrada
January 20, 2018

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with LOW volatility.

Levin increased its stake in Nokia Corp (NOK) by 3.28% based on its latest 2017Q3 regulatory filing with the SEC. Nokia Corporation (NOK)'s value Change from Open was at -0.62% with a Gap of -1.62%. GA ADV raised its stake in shares of Nokia Corporation by 3.4% in the second quarter. However the company's price to cash per share for most recent quarter stands at 1.44. TCW Group Inc. grew its holdings in shares of Nokia Oyj by 30.8% during the third quarter. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell. The company had Year Ago Sales of 7.34 Billion. Oppenheimer Asset Management Inc. raised its position in Nokia Oyj by 4.5% in the 2nd quarter. The return on assets stands at -1.1%, Return on Equity now is -2.6% and the Return on Investment value is -2.6%. Through this figure traders can analyze that NOK show whether or not a stock now most active and standing in buying side or sell side. That activity is comparable to their recent volume average trend of almost 14.38 million shares which they recorded over a period of three months.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.21.

On Wednesday, Shares of Nokia Corporation (NYSE: NOK) expressed a change of -0.20% and closed its trade at $4.95. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.05. The Return on Equity (ROE) value stands at -2.6%. For the current year the company's revenue estimates are $26.55 Billion compared to low analyst estimates of $25.46 Billion and high estimates of $27.56 Billion according to 12 number of analysts. Annual EPS Growth of past 5 years is 17.80%.

NOK has been the topic of a number of research analyst reports. Goldman Sachs Group restated a "neutral" rating on shares of Nokia Oyj in a research note on Thursday. Credit Suisse Group set a €4.20 ($5.00) price target on Nokia Oyj and gave the stock a neutral rating in a research report on Friday, January 5th. Finally, Morgan Stanley set a €6.30 ($7.50) price target on Nokia Oyj and gave the company a "buy" rating in a report on Thursday, October 26th. Nokia Corporation analysts gave 1 buy-equivalent recommendations, 0 sells and 10 holds. S&P Global set a €5.00 ($5.95) price target on Nokia Oyj and gave the company a "buy" rating in a report on Thursday, January 4th. Nordea upgraded the shares of NOK in report on Tuesday, September 1 to "Sell" rating. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright legislation.

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks.

Other reports by Click Lancashire

Discuss This Article