NQ Mobile Inc. (NQ) Shares Down 4.9%
NQ Mobile Inc. (NYSE:NQ) shares dropped 4.9% during trading on Wednesday . The company traded as low as $3.61 and last traded at $3.66, with a volume of 218,239 shares trading hands. The stock had previously closed at $3.85.
NQ has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 target price on shares of NQ Mobile in a research note on Wednesday, March 23rd. TheStreet raised NQ Mobile from a “sell” rating to a “hold” rating in a research note on Wednesday, March 23rd.
The company’s market cap is $349.10 million. The stock’s 50-day moving average price is $3.95 and its 200 day moving average price is $4.04.
NQ Mobile (NYSE:NQ) last issued its quarterly earnings data on Thursday, May 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. NQ Mobile’s revenue for the quarter was down 17.6% on a year-over-year basis. Equities analysts anticipate that NQ Mobile Inc. will post $0.18 EPS for the current fiscal year.
NQ Mobile Inc is a holding company. The Company is principally engaged in the provision of mobile Internet services in the People’s Republic of China and overseas markets. The Company’s service portfolio includes mobile security, productivity and privacy protection, mobile games, as well as interest-based mobile community applications and advertising for the consumer market and an entire mobility solution set for the enterprise market.
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