NQ Mobile Inc. (NQ) Stock Price Up 4.4%
Shares of NQ Mobile Inc. (NYSE:NQ) rose 4.4% during trading on Monday . The company traded as high as $3.35 and last traded at $3.35, with a volume of 235,400 shares traded. The stock had previously closed at $3.21.
NQ has been the subject of several research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $13.00 target price on shares of NQ Mobile in a research report on Tuesday, May 31st. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th.
The company’s 50-day moving average price is $3.70 and its 200 day moving average price is $4.04. The stock’s market capitalization is $321.21 million.
NQ Mobile (NYSE:NQ) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The firm had revenue of $73.50 million for the quarter, compared to analyst estimates of $121.50 million. The firm’s quarterly revenue was down 17.6% on a year-over-year basis. On average, equities research analysts anticipate that NQ Mobile Inc. will post $0.18 EPS for the current year.
NQ Mobile Inc is a global provider of mobile Internet services. The Company provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications.
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