NQ Mobile Sees Unusually Large Options Volume (NQ)
Shares of NQ Mobile (NYSE:NQ) was the target of some unusual options trading activity on Friday. Investors bought 8,715 put options on the company, Stock Ratings Network.com reports. This is an increase of 432% compared to the typical volume of 1,639 put options.
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 (NYSE:NQ) traded up 8.60% on Friday, hitting $21.84. 11,703,646 shares of the company’s stock traded hands. NQ Mobile has a 52-week low of $5.07 and a 52-week high of $20.21. The stock has a 50-day moving average of $17.1 and a 200-day moving average of $10.81. The company has a market cap of $1.124 billion and a P/E ratio of 103.13.
NQ Mobile (NYSE:NQ) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 107.4% on a year-over-year basis.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
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