NQ Mobile Inc. (NQ) Stock Price Down 2.7%
Shares of NQ Mobile Inc. (NYSE:NQ) traded down 2.7% on Monday . The company traded as low as $3.22 and last traded at $3.24, with a volume of 202,801 shares traded. The stock had previously closed at $3.33.
A number of analysts recently weighed in on the stock. TheStreet cut shares of NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. Rosenblatt Securities restated a “buy” rating and issued a $13.00 target price on shares of NQ Mobile in a research note on Tuesday, July 26th.
The stock’s market capitalization is $307.75 million. The company has a 50 day moving average price of $3.59 and a 200 day moving average price of $4.04.
NQ Mobile (NYSE:NQ) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. The business earned $73.50 million during the quarter, compared to analyst estimates of $121.50 million. NQ Mobile’s revenue for the quarter was down 17.6% on a year-over-year basis. Analysts predict 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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