NQ Mobile Inc. (NQ) Trading Up 4.4%
NQ Mobile Inc. (NYSE:NQ) shares were up 4.4% during trading on Monday . The company traded as high as $3.35 and last traded at $3.35, with a volume of 235,400 shares traded. The stock had previously closed at $3.21.
A number of research analysts have commented on NQ shares. Rosenblatt Securities restated a “buy” rating and set a $13.00 price target on shares of NQ Mobile in a research note on Tuesday, May 31st. TheStreet cut NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th.
The stock’s 50 day moving average is $3.65 and its 200 day moving average is $4.05. The company’s market cap is $313.52 million.
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, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The company had revenue of $73.50 million for the quarter, compared to analyst estimates of $121.50 million. The business’s quarterly revenue was down 17.6% on a year-over-year basis. On average, equities analysts anticipate 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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