Nokia Corporation (NYSE:NOK) strengths its deployment in Emerging Markets
Nokia Corporation (ADR) (NYSE:NOK) is attempting to establish a footmark in developing markets of Asia and as a part of its overall expansion strategy; Nokia will launch its latest brand of windows mobile entitled Lumia 620 will be made available for retail activity in early January 2013. However, this product will come in direct competition with HTC smartphone series.
In this way, the Finnish company is struggling to cope with HTC product offerings in the budding markets of India and China therefore, may compel HTC to introduce economical communication and handheld devices in response to relatively bold measure of Nokia (NOK) introducing Lumia 620 in developing markets. Additionally, Nokia is planning to launch Nokia Lumia 820 and 920 at the later stage of the coming year.
One of the most critical factors in measuring the performance of a company is its Return on Assets ratio, which is an indicator of how profitable a company is relative to its total assets. Nokia Corporation (ADR) (NYSE:NOK) recently had ROA ratio of -15.42% while its market capitalization of $14.04 billion.
Previous month, Nokia Corporation’s stock price volatility was 4.92%. In its share capital NOK has 3.83 billion outstanding shares among them 3.79 billion shares have been floated in market exchange. NOK’s stock institutional ownership remained 12.12%.
The stock is ahead of its 52weeks low with +130.06% and lagging behind from its 52 weeks high price with -31.00%. Company’s beta coefficient included 1.56. Beta factor evaluates the amount of market risk associated with market trade.
NOK’s stock traded with a starting price of $3.87 and throughout the trading session climbed at a high of $3.90 and later when day-trade ended the stock finally slipped -3.35% to $3.75 with a relative volume of 89.70 million shares.
Its competitor Alcatel Lucent SA (ADR) (NYSE:ALU) shares opened the session at $1.15 edged down -3.39% to settle at $1.14 with a relative trading volume of 14.49 million shares and QUALCOMM, Inc. (NASDAQ:QCOM) shares opened the session at $63.60 edged up 0.89% to settle at $64.20 with a relative trading volume of 8.95 million shares.