NQ Mobile Inc. (NQ) Shares Up 5.7%
NQ Mobile Inc. (NYSE:NQ) shares shot up 5.7% during trading on Monday . The company traded as high as $4.35 and last traded at $4.29, with a volume of 874,073 shares traded. The stock had previously closed at $4.06.
A number of research firms have recently commented on NQ. TheStreet cut shares of NQ Mobile from a “hold” rating to a “sell” rating in a research report on Friday, May 27th. Rosenblatt Securities reissued a “buy” rating and set a $13.00 target price on shares of NQ Mobile in a research report on Tuesday, May 31st.
The stock has a 50 day moving average price of $3.56 and a 200 day moving average price of $4.04. The company’s market capitalization is $427.00 million.
NQ Mobile (NYSE:NQ) last issued its earnings results on Thursday, May 26th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The business earned $73.50 million during the quarter, compared to analyst estimates of $121.50 million. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. Equities research 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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