Nokia Oyj Target of Unusually High Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders purchased 10,704 call options on the stock. This is an increase of approximately 61% compared to the typical volume of 6,667 call options.

Nokia Oyj Stock Performance

Shares of NYSE:NOK traded up $0.18 on Monday, hitting $3.70. 21,684,162 shares of the company were exchanged, compared to its average volume of 15,409,089. The company's 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.47. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The firm has a market capitalization of $20.84 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.98 and a beta of 1.09.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, January 25th. The technology company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.03). The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.66 billion. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. During the same period in the previous year, the firm earned $0.16 EPS. Research analysts expect that Nokia Oyj will post 0.38 earnings per share for the current year.

Nokia Oyj Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Tuesday, April 23rd will be given a dividend of $0.0323 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.13 dividend on an annualized basis and a dividend yield of 3.49%. Nokia Oyj's payout ratio is 56.25%.

Hedge Funds Weigh In On Nokia Oyj

Large investors have recently modified their holdings of the stock. Banque Cantonale Vaudoise raised its stake in shares of 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 during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Nokia Oyj during the first quarter worth approximately $35,000. Paradigm Asset Management Co. LLC bought a new stake in shares of Nokia Oyj during the third quarter worth approximately $37,000. Capital Management Associates Inc bought a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $34,000. Finally, Tieton Capital Management LLC bought a new stake in shares of Nokia Oyj during the fourth quarter worth approximately $34,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on NOK. BNP Paribas began coverage on shares of Nokia Oyj in a report on Friday, January 12th. They issued a "neutral" rating on the stock. Barclays downgraded shares of Nokia Oyj from an "equal weight" rating to an "underweight" rating in a report on Friday, January 19th. JPMorgan Chase & Co. dropped their target price on shares of Nokia Oyj from $4.39 to $4.26 and set a "neutral" rating on the stock in a report on Tuesday, April 16th. Finally, StockNews.com upgraded shares of Nokia Oyj from a "hold" rating to a "buy" rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $4.42.

Nokia Oyj Company 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.