NQ Mobile Inc. (NQ) Sees Unusually-High Trading Volume
Shares of NQ Mobile Inc. (NYSE:NQ) saw strong trading volume on Monday . 689,354 shares changed hands during mid-day trading, a decline of 0% from the previous session’s volume of 689,491 shares.The stock last traded at $4.52 and had previously closed at $4.48.
A number of analysts have commented on the company. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a report on Friday, May 27th. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 target price on shares of NQ Mobile in a report on Tuesday, July 26th.
The company has a 50 day moving average price of $3.69 and a 200-day moving average price of $4.09. The firm’s market capitalization is $433.73 million.
NQ Mobile (NYSE:NQ) last announced its quarterly earnings data on Monday, August 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company earned $83.70 million during the quarter, compared to the consensus estimate of $102.10 million. The firm’s quarterly revenue was down 18.0% compared to the same quarter last year. On average, equities research analysts expect that NQ Mobile Inc. will post $0.18 earnings per share 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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