NQ Mobile Inc (ADR) Receives Buy Rating from Topeka Capital Markets (NQ)
NQ Mobile Inc (ADR) (NYSE:NQ)‘s stock had its “buy” rating restated by Topeka Capital Markets in a research note issued on Friday, Analyst Ratings News reports. They currently have a $33.00 price objective on the stock. Topeka Capital Markets’ target price would suggest a potential upside of 353.92% from the company’s current price.
NQ Mobile Inc (NYSE:NQ) opened at 7.27 on Friday. NQ Mobile Inc has a 1-year low of $7.05 and a 1-year high of $25.90. The stock’s 50-day moving average is $13.50 and its 200-day moving average is $14.93. The company’s market cap is $438.6 million. NQ Mobile Inc (ADR) also was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 40,467 put options on the stock. This represents an increase of 116% compared to the typical daily volume of 18,698 put options.
NQ Mobile Inc (ADR) (NYSE:NQ) last announced its earnings results on Thursday, April 10th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.10. The company had revenue of $67.90 million for the quarter, compared to the consensus estimate of $62.83 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 126.1% on a year-over-year basis. On average, analysts predict that NQ Mobile Inc will post $1.24 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of NQ Mobile Inc (ADR) from a “hold” rating to a “sell” rating in a research note on Tuesday, April 15th. Analysts at Canaccord Genuity cut their price target on shares of NQ Mobile Inc (ADR) from $29.00 to $27.00 in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.88.
NQ Mobile Inc (NYSE:NQ), formerly NetQin Mobile Inc, incorporated on March 14, 2007, is a holding company.
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