NQ Mobile Inc. (NQ) Shares Up 5.3%
NQ Mobile Inc. (NYSE:NQ) shares shot up 5.3% during trading on Tuesday . The company traded as high as $3.38 and last traded at $3.37, with a volume of 391,439 shares. The stock had previously closed at $3.20.
NQ has been the subject of a number of research analyst reports. TheStreet cut shares of NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. Rosenblatt Securities reiterated 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 50-day moving average price is $3.56 and its 200-day moving average price is $4.04. The stock’s market capitalization is $347.18 million.
NQ Mobile (NYSE:NQ) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, topping the 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 business’s revenue was down 17.6% on a year-over-year basis. On average, equities analysts forecast 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.