Pinnacle Associates Ltd. acquired a new position in Nokia Oyj (NYSE:NOK – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,020 shares of the technology company’s stock, valued at approximately $44,000.
Other institutional investors also recently modified their holdings of the company. Truist Financial Corp raised its position in Nokia Oyj by 15.7% in the second quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,710 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after buying an additional 2,776 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Nokia Oyj by 3.9% during the 2nd quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock worth $328,000 after buying an additional 3,097 shares during the period. Bleakley Financial Group LLC grew its position in Nokia Oyj by 30.8% in the third quarter. Bleakley Financial Group LLC now owns 13,580 shares of the technology company’s stock valued at $59,000 after acquiring an additional 3,199 shares during the period. Finally, Profund Advisors LLC raised its stake in Nokia Oyj by 3.0% during the second quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock worth $438,000 after acquiring an additional 3,349 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.
Nokia Oyj Stock Performance
NOK stock opened at $4.67 on Tuesday. The company has a 50 day moving average price of $4.43 and a 200 day moving average price of $4.04. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.95. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.72 and a quick ratio of 1.57. The stock has a market capitalization of $25.68 billion, a PE ratio of 58.38, a price-to-earnings-growth ratio of 6.13 and a beta of 1.12.
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About Nokia Oyj
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.
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