The Finnish company’s regional executive reported on Thursday that Nokia Corporation (ADR) (NYSE:NOK) aims to increase on its primary contracts with carriers AT&T Inc (NYSE:T) and T-Mobile USA.
Nokia, trying a turnaround plan in North America after losing most of its Smartphone market share and the company decided to discard its Symbian software previous year in favor of Microsoft Corporation’s (NASDAQ:MSFT) Windows Phone operating system, is selling its Lumia collection in the United States through AT&T and T-Mobile.
Nokia is counting on Windows phones to reconstruct its cachet in the area, where it’s vanished ground to Apple Inc’s (NASDAQ:AAPL) iPhone and gadgets operating on Google Inc’s (NASDAQ:GOOG) Android operating system.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Research In Motion Limited (USA) (NASDAQ:RIMM) surged +3.68% to settle at $10.72, Alcatel Lucent SA (ADR) (NYSE:ALU) moved down -0.63% to end at $1.57 while Cisco Systems, Inc (NASDAQ:CSCO) plunged -0.63% to finish on Thursday at $16.58.
Nokia Corporation (ADR) (NYSE:NOK) on June 07, 2012 it decreased -1.74% to the closing price of $2.83. The overall volume in the last trading session was 25.11 million shares. Its fifty two week range was $2.61-$7.38. The total market capitalization remained $10.60 billion.
NOK is ahead its 52 week low with +8.43% and lagging behind from its 52 week high price with -58.59%. NOK last month stock price volatility remained 3.41%. In its share capital NOK has 3.83 billion outstanding shares among them 3.82 million shares have been floated in market exchange. NOK stock institutional ownership remained 12.07%.
The stock price of NOK is moving down from its 20 days moving average with -1.43% and remote negatively from 50 days moving average with -19.71%. NOK current year earnings per share experienced a downfall of -162.97% while its current quarter performance remained -39.79%. Company’s beta coefficient included 1.59. Beta factors measures the amount of market risk associated with market trade.
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