NQ Mobile Inc. (NQ) Sees Unusually-High Trading Volume
Shares of NQ Mobile Inc. (NYSE:NQ) saw strong trading volume on Wednesday . 580,559 shares changed hands during trading, an increase of 41% from the previous session’s volume of 411,714 shares.The stock last traded at $3.57 and had previously closed at $3.70.
A number of analysts have weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $13.00 target price on shares of NQ Mobile in a research note on Tuesday, July 26th. TheStreet cut shares of NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th.
The company’s market cap is $347.18 million. The firm has a 50 day moving average price of $3.56 and a 200-day moving average price of $4.04.
NQ Mobile (NYSE:NQ) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.05. The business had revenue of $73.50 million for the quarter, compared to analysts’ expectations of $121.50 million. The business’s quarterly revenue was down 17.6% on a year-over-year basis. Equities analysts expect 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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