Glu Mobile Inc. Hits New 52-Week High at $4.24 (GLUU)
Shares of Glu Mobile (NASDAQ:GLUU) hit a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $4.24 and last traded at $4.16, with a volume of 5,449,043 shares trading hands. The stock had previously closed at $3.93.
A number of analysts have recently weighed in on GLUU shares. Analysts at Craig Hallum upgraded shares of Glu Mobile from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at B. Riley downgraded shares of Glu Mobile from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $4.25 price target on the stock, up previously from $3.88. Finally, analysts at Northland Capital Partners raised their price target on shares of Glu Mobile from $4.00 to $4.75 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $4.20.
In other Glu Mobile news, Director Hany Nada sold 90,334 shares of Glu Mobile stock on the open market in a transaction dated Friday, January 3rd. The shares were sold at an average price of $3.95, for a total value of $356,819.30. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Glu Mobile has a 52 week low of $2.00 and a 52 week high of $4.14. The stock’s 50-day moving average is $3.65 and its 200-day moving average is $2.93. The company’s market cap is $323.9 million.
Glu Mobile (NASDAQ:GLUU) last released its earnings data on Wednesday, October 30th. The company reported ($0.07) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.03. The company had revenue of $22.60 million for the quarter, compared to the consensus estimate of $20.28 million. During the same quarter last year, the company posted ($0.03) earnings per share. Glu Mobile’s revenue was down 12.7% compared to the same quarter last year. On average, analysts predict that Glu Mobile will post $-0.15 earnings per share for the current fiscal year.
Glu Mobile Inc (NASDAQ:GLUU) designs, markets and sells mobile games.
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