NQ Mobile Inc. (NQ) Sees Unusually-High Trading Volume
NQ Mobile Inc. (NYSE:NQ) saw unusually-high trading volume on Tuesday . Approximately 986,186 shares changed hands during mid-day trading, an increase of 68% from the previous session’s volume of 587,400 shares.The stock last traded at $4.46 and had previously closed at $4.44.
NQ has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $13.00 target price on shares of NQ Mobile in a research note on Tuesday, May 31st. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th.
The firm’s market capitalization is $422.19 million. The firm has a 50 day moving average of $3.63 and a 200 day moving average of $4.07.
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 Thomson Reuters’ consensus estimate of $0.01 by $0.05. The business earned $73.50 million during the quarter, compared to analyst estimates of $121.50 million. The firm’s revenue was down 17.6% on a year-over-year basis. On average, analysts forecast 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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