On Friday, Shares of Nokia Corp (ADR) (NYSE:NOK) gained 0.41% to $4.92. The share price is trading in a range of $4.90 – 4.99. The stock exchanged hands with 18.08 million shares contrast to its average daily volume of 12.39 million shares.
HMD Global, the Finnish company that owns the rights to use Nokia’s brand on mobile phones, declared on Sunday its first smartphone, targeted for Chinese users with a price of 1,699 yuan ($246).
The launch marks the first new smartphone carrying the iconic handset name since 2014 when Nokia Oyj chose to sell its entire handset unit to Microsoft.
The new device, Nokia 6, runs on Google’s Android platform and is manufactured by Foxconn. It will be sold exclusively in China through online retailer JD.com, HMD said.
“The decision by HMD to launch its first Android smartphone into China is a reflection of the desire to meet the real world needs of consumers in different markets around the world… it is a plannedally important market,” HMD said in a statement. (Source: Reuters)
Nokia Corp (ADR) (NYSE:NOK) have shown a low EPS growth of -9.50% in the last 5 years and has earnings growth of -142.70% yoy. Analysts have a mean recommendation of 2.40 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -31.17% below its 52-week highs and is up 0.61% for the last five trades.
Shares of Macy’s Inc (NYSE:M) declined -0.13% to $30.82. The share price of the stock plunged -11.89% for the year.
Analysts give M a mean recommendation of 2.60. The company has dropped -18.98% in past 3 months and in the last five trades has moved down -15.07%. The stock has earnings growth of -84.70% yoy and showed a high EPS growth of 10.20% over the past five years. The stock’s price moved down its 200-day moving average of $37.19. The stock is presently trading down its SMA-50 of $39.50.