NQ Mobile Hits New 52-Week High at $20.21 (NQ)
Shares of NQ Mobile (NYSE:NQ) hit a new 52-week high during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as high as $20.21 and last traded at $19.80, with a volume of 4,261,508 shares trading hands. The stock had previously closed at $18.15.
Separately, analysts at Canaccord Genuity raised their price target on shares of NQ Mobile (NYSE:NQ) from $17.00 to $28.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock.
NQ Mobile has a 1-year low of $5.07 and a 1-year high of $19.98. The stock has a 50-day moving average of $16.93 and a 200-day moving average of $10.74. The company has a market cap of $1.035 billion and a P/E ratio of 93.08.
NQ Mobile (NYSE:NQ) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.06. The company had revenue of $41.40 million for the quarter, compared to the consensus estimate of $38.34 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 107.4% on a year-over-year basis. On average, analysts predict that NQ Mobile will post $1.04 earnings per share for the current fiscal year.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
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