China Mobile Games & Entnmnt Grp (CMGE) Releases Quarterly Earnings Results
China Mobile Games & Entnmnt Grp (NASDAQ:CMGE) released its earnings data on Monday. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.06, Stock Ratings Network.com reports. The company had revenue of $44.30 million for the quarter, compared to the consensus estimate of $43.60 million.
A number of analysts have recently weighed in on CMGE shares. Analysts at Brean Capital cut their price target on shares of China Mobile Games & Entnmnt Grp from $45.00 to $27.00 in a research note on Friday, May 23rd. They now have a “buy” rating on the stock. Analysts at Barclays raised their price target on shares of China Mobile Games & Entnmnt Grp from $32.00 to $34.00 in a research note on Tuesday, May 20th.
Shares of China Mobile Games & Entnmnt Grp (NASDAQ:CMGE) opened at 14.86 on Monday. China Mobile Games & Entnmnt Grp has a one year low of $11.00 and a one year high of $40.31. The stock’s 50-day moving average is $14.68 and its 200-day moving average is $21.71. The company has a market cap of $461.4 million and a P/E ratio of 31.36.
China Mobile Games and Entertainment Group Limited (NASDAQ:CMGE) 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.