NQ Mobile Inc. (NQ) Sees Unusually-High Trading Volume
NQ Mobile Inc. (NYSE:NQ) saw unusually-high trading volume on Thursday . Approximately 662,300 shares changed hands during mid-day 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.
NQ has been the subject of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $13.00 target price on shares of NQ Mobile in a report on Tuesday, May 31st. TheStreet downgraded shares of NQ Mobile from a “hold” rating to a “sell” rating in a report on Friday, May 27th.
The company’s market capitalization is $308.71 million. The stock has a 50 day moving average price of $3.70 and a 200-day moving average price of $4.04.
NQ Mobile (NYSE:NQ) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.05. The company earned $73.50 million during the quarter, compared to the consensus estimate of $121.50 million. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. Analysts forecast that NQ Mobile Inc. will post $0.18 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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