NQ Mobile Inc. (NQ) Trading Up 3%
Shares of NQ Mobile Inc. (NYSE:NQ) were up 3% during mid-day trading on Thursday . The stock traded as high as $4.69 and last traded at $4.42, with a volume of 1,163,949 shares traded. The stock had previously closed at $4.29.
Several analysts recently issued reports on NQ shares. Rosenblatt Securities reiterated a “buy” rating and set a $13.00 price objective on shares of NQ Mobile in a report on Tuesday, May 31st. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a report on Friday, May 27th.
The stock’s market capitalization is $400.07 million. The stock has a 50 day moving average of $3.73 and a 200 day moving average of $4.10.
NQ Mobile (NYSE:NQ) last issued its quarterly earnings results on Monday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $83.70 million for the quarter. During the same period last year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was down 18.0% on a year-over-year basis. Equities research analysts predict that NQ Mobile Inc. will post $0.23 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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