The Espoo, Finland-based Nokia Corporation (ADR) (NYSE:NOK), the mobile-phone manufacturer struggling to recover lost market share, moved up the record high in 5 months as investors speculated the corporation may get a takeover offer.
Shares of the Nokia climbed 6% to settle at 2.36 euros in Helsinki and marked record high since Jan 5.
Shares of Nokia fell 41% current year before Friday as consumers grabbed Apple Inc (NASDAQ:AAPL) iPhones and smart phones powered by on Google Inc’s (NASDAQ:GOOG) Android operating system. The Finnish based Nokia is upgrading its Smartphone business around the Windows Phone software from Microsoft Corporation (NASDAQ:MSFT), which has been considered to be a likely acquirer, Exane BNP Paribas reported in a note on Friday.
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 +1.49% to settle at $10.88, Alcatel Lucent SA (ADR) (NYSE:ALU) moved up +1.27% to end at $1.59 while Cisco Systems, Inc (NASDAQ:CSCO) surged +0.90% to finish on Friday at $16.73.
Nokia Corporation (ADR) (NYSE:NOK) on June 08, 2012 it increased +6.71% to the closing price of $3.02. The overall volume in the last trading session was 80.20 million shares. Its fifty two week range was $2.61-$7.38. The total market capitalization remained $11.31 billion.
NOK is ahead its 52 week low with +15.71% and lagging behind from its 52 week high price with -55.81%. NOK last month stock price volatility remained 3.54%. In its share capital NOK has 3.83 billion outstanding shares among them 3.82 billion shares have been floated in market exchange. NOK stock institutional ownership remained 12.07%.
The stock price of NOK is moving forward from its 20 days moving average with +5.70% and remote positively from 50 days moving average with -13.26%. NOK current year earnings per share experienced a downfall of -162.97% while its current quarter performance remained -35.47%. Company’s beta coefficient included 1.59. Beta factors measures the amount of market risk associated with market trade.
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