NQ Mobile Inc. (NQ) Trading Up 5.7%
NQ Mobile Inc. (NYSE:NQ) shares were up 5.7% on Monday . The stock traded as high as $4.35 and last traded at $4.29, with a volume of 874,073 shares. The stock had previously closed at $4.06.
Several research analysts have weighed in on NQ shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 price target on shares of NQ Mobile in a research report on Tuesday, May 31st. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a research report on Friday, May 27th.
The company’s market cap is $422.19 million. The firm has a 50-day moving average of $3.60 and a 200-day moving average of $4.07.
NQ Mobile (NYSE:NQ) last announced its earnings results on Thursday, May 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.01 by $0.05. The business had revenue of $73.50 million for the quarter, compared to the consensus estimate of $121.50 million. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities research analysts forecast that NQ Mobile Inc. will post $0.18 earnings per share 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.
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