NQ Mobile (NQ) Earns Coverage Optimism Rating of 0.05
Media coverage about NQ Mobile (NYSE:NQ) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NQ Mobile earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 45.8878254014175 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Separately, BidaskClub raised NQ Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.
Shares of NQ Mobile (NQ) opened at $4.11 on Thursday. NQ Mobile has a 52 week low of $3.16 and a 52 week high of $4.50.
NQ Mobile announced that its Board of Directors has approved a share repurchase program on Monday, November 13th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
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NQ Mobile Company Profile
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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