NQ Mobile Inc. (NQ) Shares Up 3%
Shares of NQ Mobile Inc. (NYSE:NQ) shot up 3% during mid-day trading on Thursday . The company traded as high as $4.69 and last traded at $4.42, with a volume of 1,163,949 shares. The stock had previously closed at $4.29.
A number of brokerages have recently issued reports on NQ. Rosenblatt Securities reiterated a “buy” rating and set a $13.00 target price on shares of NQ Mobile in a report on Wednesday. TheStreet cut NQ Mobile from a “hold” rating to a “sell” rating in a report on Friday, May 27th.
The stock has a 50 day moving average price of $3.77 and a 200 day moving average price of $4.11. The stock has a market capitalization of $412.67 million and a price-to-earnings ratio of 40.87.
NQ Mobile (NYSE:NQ) last announced its earnings results on Monday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company earned $83.70 million during the quarter. NQ Mobile’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.08 earnings per share. On average, equities analysts expect that NQ Mobile Inc. will post $0.23 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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