NQ Mobile Inc. (NQ) Sees Unusually-High Trading Volume
Shares of NQ Mobile Inc. (NYSE:NQ) saw an uptick in trading volume on Tuesday . 986,186 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 587,400 shares.The stock last traded at $4.46 and had previously closed at $4.44.
Several research firms have recently issued reports on NQ. TheStreet lowered shares of NQ Mobile from a “hold” rating to a “sell” rating in a research report on Friday, May 27th. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price target on shares of NQ Mobile in a research report on Tuesday, May 31st.
The company’s 50-day moving average is $3.58 and its 200 day moving average is $4.06. The stock’s market capitalization is $422.19 million.
NQ Mobile (NYSE:NQ) last announced its quarterly earnings data on Thursday, May 26th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $121.50 million. NQ Mobile’s revenue for the quarter was down 17.6% on a year-over-year basis. Equities analysts forecast 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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