Nokia (NYSE:NOK) Sees Large Volume Increase - Time to Buy?

Nokia Corporation (NYSE:NOK - Get Free Report) shares saw an uptick in trading volume on Tuesday . 48,837,111 shares were traded during mid-day trading, an increase of 161% from the previous session's volume of 18,731,914 shares.The stock last traded at $4.61 and had previously closed at $4.75.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.85.

Nokia Stock Up 0.1%

The firm's 50-day moving average price is $5.12 and its 200-day moving average price is $5.01. The company has a market cap of $23.38 billion, a price-to-earnings ratio of 21.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.36 and a quick ratio of 1.15.

Nokia (NYSE:NOK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The technology company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.82 billion. Nokia had a net margin of 5.30% and a return on equity of 8.38%. Nokia's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Sell-side analysts forecast that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

Nokia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.0336 dividend. This is an increase from Nokia's previous quarterly dividend of $0.02. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Monday, May 5th. Nokia's dividend payout ratio (DPR) is presently 80.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its stake in Nokia by 20.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 91,242 shares of the technology company's stock valued at $473,000 after buying an additional 15,233 shares during the period. Vest Financial LLC increased its stake in Nokia by 12.9% during the 2nd quarter. Vest Financial LLC now owns 34,597 shares of the technology company's stock valued at $179,000 after buying an additional 3,953 shares during the period. Yousif Capital Management LLC increased its stake in Nokia by 11.9% during the 2nd quarter. Yousif Capital Management LLC now owns 96,370 shares of the technology company's stock valued at $499,000 after buying an additional 10,255 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Nokia by 15.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,384 shares of the technology company's stock valued at $256,000 after buying an additional 6,507 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Nokia by 10.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 32,561 shares of the technology company's stock valued at $169,000 after buying an additional 3,065 shares during the period. 5.28% of the stock is currently owned by institutional investors.

About Nokia

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.