Nokia Corporation (ADR) (NYSE:NOK)’s Former Engineer Builds Private Social Network In China

Nokia CorporationNokia Corporation (ADR) (NYSE:NOK)’s a former engineer is making a private social network in China where children share art projects online with parents or grandparents. As the Japan’s phone and Internet giant Softbank Corp. is offering he’ll be successful.

Jesper Lodahl’s Beijing-based startup, SmarTots started offering mobile education applications for children’s from 2 to 7 through Apple Inc. (NASDAQ:AAPL)’s China iTunes store in June.

Lodahl stated that the designed as a game center for app developers, current month it’s adding functions to permit parents to “like” or comment on schemes in a explain similar to Facebook Inc. (NASDAQ:FB)’s site.

Softbank, which gave funding, and Lodahl anticipates growth in smartphones and tablets to make demand for educational services.

Beijing-based chairman of BDA China, Duncan Clark  advises technology firms Parents’ wish to put children disconnectedly from peers is likely to drive strong demand for several service in China that can suggest an edge.

Nokia Corporation (ADR) (NYSE:NOK) shares surged 1.52% in premarket on Monday.

Coming to the stock performance in last Session; Nokia Corporation (ADR) (NYSE:NOK) in last trading session end up at $3.28 by falling -1.80% with traded volume of 37.07 million shares which is down the average volume of 45.29 million shares.

The stock price saw week’s volatility of 2.70% and month’s volatility is 3.02%, while the stock price of the company is moving down from its 20 days moving average with -5.83% and isolated negatively from 50 days moving average with -14.80%.

Looking at Analytic Ratios; the price to sales ratio of NOK in past twelve months was calculated as 0.32 and price to cash ratio as 0.94. Company return on equity ratio is recorded as -31.16% and its return on assets is -11.46%.

NOK belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 753.93 with 0.12% change.

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