10,569 Shares in Nokia Oyj (NYSE:NOK) Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors purchased a new stake in Nokia Oyj (NYSE:NOK) in the second quarter, HoldingsChannel reports. The fund purchased 10,569 shares of the technology company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Banque Cantonale Vaudoise grew its position in Nokia Oyj by 48.2% during the first quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock worth $33,000 after buying an additional 3,000 shares in the last quarter. Tieton Capital Management LLC bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $34,000. Checchi Capital Advisers LLC acquired a new position in shares of Nokia Oyj in the first quarter valued at $35,000. Peapack Gladstone Financial Corp bought a new position in Nokia Oyj in the fourth quarter worth $35,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Nokia Oyj during the first quarter worth $35,000. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Trading Down 0.4 %

Shares of NOK stock opened at $4.46 on Friday. The company has a market capitalization of $24.63 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.79 and a beta of 1.12. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.52. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.74.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. Research analysts forecast that Nokia Oyj will post 0.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.89.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.