NQ Mobile Inc. (NQ) Shares Up 2.2%
NQ Mobile Inc. (NYSE:NQ)’s share price shot up 2.2% during mid-day trading on Thursday . The company traded as high as $4.24 and last traded at $4.22, with a volume of 185,321 shares traded. The stock had previously closed at $4.13.
A number of brokerages recently issued reports on NQ. TheStreet upgraded shares of NQ Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $13.00 price target on shares of NQ Mobile in a research note on Wednesday, August 24th.
The stock has a market cap of $413.65 million and a P/E ratio of 40.97. The stock has a 50-day moving average price of $3.80 and a 200 day moving average price of $4.14.
NQ Mobile (NYSE:NQ) last released its quarterly earnings data on Monday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.01. The business earned $83.70 million during the quarter. NQ Mobile’s quarterly revenue was down 18.0% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, equities analysts expect that NQ Mobile Inc. will post $0.23 earnings per share 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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