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.