NQ Mobile Inc. (NQ) Stock Price Up 2.2%
NQ Mobile Inc. (NYSE:NQ) shares rose 2.2% during trading on Thursday . The company traded as high as $4.24 and last traded at $4.22, with a volume of 185,321 shares trading hands. The stock had previously closed at $4.13.
Several analysts have recently commented on NQ shares. Rosenblatt Securities restated a “buy” rating and set a $13.00 target price on shares of NQ Mobile in a report on Tuesday, May 31st. TheStreet cut NQ Mobile from a “hold” rating to a “sell” rating in a report on Friday, May 27th.
The company has a 50 day moving average of $3.83 and a 200 day moving average of $4.14. The firm has a market cap of $412.67 million and a P/E ratio of 40.87.
NQ Mobile (NYSE:NQ) last issued its earnings results on Monday, August 22nd. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.01. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm earned $83.70 million during the quarter. NQ Mobile’s quarterly revenue was down 18.0% on a year-over-year basis. On average, equities analysts expect that NQ Mobile Inc. will post $0.23 EPS 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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