NQ Mobile Sees Unusually High Options Volume (NQ)
NQ Mobile (NYSE:NQ) was the recipient of unusually large options trading on Friday. Traders bought 44,609 put options on the company, Analyst RN reports. This is an increase of 123% compared to the typical volume of 20,040 put options.
NQ has been the subject of a number of recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of NQ Mobile in a research note to investors on Monday, October 28th. They now have a $26.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Friday, October 25th. Finally, analysts at Topeka Capital Markets reiterated a “buy” rating on shares of NQ Mobile in a research note to investors on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.50.
Shares of NQ Mobile (NYSE:NQ) opened at 12.78 on Monday. NQ Mobile has a 52-week low of $5.07 and a 52-week high of $25.90. The stock has a 50-day moving average of $20.05 and a 200-day moving average of $13.7. The company has a market cap of $657.9 million and a P/E ratio of 73.85.
NQ Mobile (NYSE:NQ) last announced its earnings results on Monday, August 12th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that NQ Mobile will post $1.04 EPS for the current fiscal year.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.