NQ Mobile Inc. (NYSE:NQ) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday.

NQ Mobile (NYSE:NQ) traded up 0.57% during mid-day trading on Wednesday, hitting $3.54. The company’s stock had a trading volume of 197,191 shares. The firm’s 50-day moving average is $3.43 and its 200-day moving average is $3.67. NQ Mobile has a 12-month low of $3.03 and a 12-month high of $4.68. The company’s market cap is $381.63 million.

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Several institutional investors have recently modified their holdings of the company. Hartwell J M Limited Partnership increased its position in shares of NQ Mobile by 11.1% in the first quarter. Hartwell J M Limited Partnership now owns 349,000 shares of the software maker’s stock worth $1,455,000 after buying an additional 35,000 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of NQ Mobile by 0.5% in the fourth quarter. Guggenheim Capital LLC now owns 119,616 shares of the software maker’s stock worth $385,000 after buying an additional 543 shares during the last quarter. Fagan Associates Inc. increased its position in shares of NQ Mobile by 7.9% in the first quarter. Fagan Associates Inc. now owns 24,885 shares of the software maker’s stock worth $1,066,000 after buying an additional 1,825 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in shares of NQ Mobile during the fourth quarter worth about $951,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of NQ Mobile during the first quarter worth about $131,000. 6.78% of the stock is currently owned by institutional investors and hedge funds.

About NQ Mobile

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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