If you are looking at buying shares in Nokia this is the time to do it, the Nokia stock has dropped by 35 per cent this year giving investors a sentiment to buy now.

The mobile phone company recently struck a deal with Microsoft with its new Windows Phone 7 embrace, and even though Nokia has a 8.6% yield and a cost of only six-times cash flow it seems stock is becoming very attractive indeed.

Even though Nokia’s stock has dropped they are in a great position with the new product line-up aka WP7 smartphones, Nokia has only generated 3.8% of its sales in the U.S, 7% in India, 3.6% in Brazil, 17% in China and 4.1% in Russia. The firms share price has hit a low of 19% in just five trading sessions according to The Street.

The Street say’s “a Nokia share costs a book-value multiple of 1.2, a sales multiple of 0.4, a free-cash-flow multiple of 5.7 and an enterprise-value-to-EBITDA ratio of 3.3, 73%, 90%, 75% and 78% discounts to technology industry averages”.

Visit the source above for more in-depth figures, is it the right time now to invest in Nokia and buy shares considering the stock price has dropped?