NQ Mobile Inc. (NQ) Sees Strong Trading Volume
NQ Mobile Inc. (NYSE:NQ) saw unusually-strong trading volume on Thursday . Approximately 662,300 shares were traded during trading, an increase of 110% from the previous session’s volume of 314,796 shares.The stock last traded at $3.30 and had previously closed at $3.54.
Several research analysts recently weighed in on NQ shares. Rosenblatt Securities reiterated a “buy” rating and set a $13.00 price target on shares of NQ Mobile in a research report on Friday, April 1st. TheStreet cut NQ Mobile from a “hold” rating to a “sell” rating in a research report on Friday, May 27th.
The firm’s 50-day moving average is $3.74 and its 200 day moving average is $4.04. The company’s market capitalization is $312.56 million.
NQ Mobile (NYSE:NQ) last released its quarterly earnings data on Thursday, May 26th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business earned $73.50 million during the quarter, compared to analysts’ expectations of $121.50 million. The company’s quarterly revenue was down 17.6% on a year-over-year basis. On average, equities analysts predict that NQ Mobile Inc. will post $0.18 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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