NQ Mobile Inc. (NQ) Trading Up 5.3%
NQ Mobile Inc. (NYSE:NQ)’s share price was up 5.3% on Tuesday . The stock traded as high as $3.38 and last traded at $3.37, with a volume of 391,439 shares traded. The stock had previously closed at $3.20.
Several equities analysts have recently weighed in on NQ shares. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price target on shares of NQ Mobile in a research note on Tuesday, May 31st. TheStreet downgraded shares of NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th.
The stock’s market cap is $355.83 million. The company has a 50-day moving average price of $3.58 and a 200 day moving average price of $4.05.
NQ Mobile (NYSE:NQ) last posted its quarterly earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.05. The company had revenue of $73.50 million for the quarter, compared to analyst estimates of $121.50 million. The firm’s revenue was down 17.6% on a year-over-year basis. On average, analysts predict that NQ Mobile Inc. will post $0.18 EPS for the current fiscal 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.