Shares of NQ Mobile Inc. (NYSE:NQ) dropped 4.9% during mid-day trading on Wednesday . The stock traded as low as $3.61 and last traded at $3.66, with a volume of 218,239 shares. The stock had previously closed at $3.85.

NQ has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 price objective on shares of NQ Mobile in a report on Wednesday, March 23rd. TheStreet upgraded NQ Mobile from a “sell” rating to a “hold” rating in a report on Wednesday, March 23rd.

The company’s market cap is $349.10 million. The firm’s 50 day moving average is $3.97 and its 200-day moving average is $4.04.

NQ Mobile (NYSE:NQ) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $121.50 million. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. Equities research analysts forecast that NQ Mobile Inc. will post $0.18 earnings per share for the current fiscal year.

NQ Mobile Inc is a holding company. The Company is principally engaged in the provision of mobile Internet services in the People’s Republic of China and overseas markets. The Company’s service portfolio includes mobile security, productivity and privacy protection, mobile games, as well as interest-based mobile community applications and advertising for the consumer market and an entire mobility solution set for the enterprise market.

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