Home / Business / Stocks in Volatile Measures- Nokia Corporation (NYSE:NOK), Manitex International (NASDAQ:MNTX)

Stocks in Volatile Measures- Nokia Corporation (NYSE:NOK), Manitex International (NASDAQ:MNTX)

Several matter pinch shares of Nokia Corporation (NYSE:NOK) [Trend Analysis], as shares plunging -0.69% to $5.75 with a share volume of 5.47 Million. Nokia (NOK) D1C Android Smartphone Spotted on GeekBench, Revealing Specifications’ We all know – and most of us are eagerly awaiting – Nokia’s upcoming return to the smartphone market. In August, a report cited a Nokia executive to claim the firm would launch four Android-based devices in the fourth quarter of 2016.

Since then, a number of contradictory rumours have surfaced regarding the name and features of the upcoming devices. In late August, two Nokia-branded Android devices – Nokia 5320 and Nokia 1490 – were spotted on GeekBench. Now, a new Nokia device, appointedD1C, has made its way to the benchmark site. While the Nokia 5320 is touted to be a high-end device with Qualcomm’s Snapdragon 820 powering it, the D1C appears to be in the mid-range level.

The website mentions a Qualcomm octa-core processor powering the handset clocked at 1.4GHz with Adreno 505 GPU and 3GB of RAM. The device is likely to run Android 7.0 Nougat according to the listing. The stock is going forward its 52-week low with 19.55% and moving down from its 52-week high price with -20.40%. To have technical analysis views, liquidity ratio of a firm was calculated 1.60 as evaluated with its debt to equity ratio of 0.22. The float short ratio was 0.75%, as compared to sentiment indicator; Short Ratio was 3.92.

Shares of Manitex International, Inc. (NASDAQ:MNTX) [Trend Analysis] runs in leading trade, it surging 2.36% to traded at $5.64. The firm has price volatility of 5.77% for a week and 4.88% for a month. Its beta stands at 2.21 times. Manitex International, Inc. (NASDAQ:MNTX) reported that it has sold its Liftking subsidiary to a newly formed subsidiary of Mi-Jack Products Inc., for $14.0 million. Mi-Jack, based in Hazel Crest, IL, is a privately-held manufacturer and service provider for rubber and track mounted gantry cranes and industrial cranes in support of the Intermodal and Industrial markets.

David J. Langevin, Chairman and CEO of Manitex International, commented, “The divestiture of Liftking is another important step forward in our corporate program to focus our resources on our higher margin core lifting businesses and to reduce the Firm’s indebtedness which remain our top corporate previousities this year and heading into 2017.

Liftking is a solid strategic fit with Mi-Jack and this transaction should be of substantial benefit to both parties. We are deeply appreciative of the efforts of the entire Liftking team and are confident that Mi-Jack will be an excellent owner and operator of this business.” Narrow down four to firm performance, its weekly performance was 6.82% and monthly performance was -10.48%. The stock price of MNTX is moving up from its 20 days moving average with 1.92% and isolated negatively from 50 days moving average with -8.24%.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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