Sungy Mobile Lowered to Neutral at Credit Suisse (GOMO)
Sungy Mobile (NASDAQ:GOMO) was downgraded by Credit Suisse from an “outperform” rating to a “neutral” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer downgraded shares of Sungy Mobile from an “outperform” rating to a “market perform” rating in a research note on Thursday. They now have a $22.00 price target on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Sungy Mobile in a research note on Friday, July 25th. They set a “neutral” rating and a $11.80 price target on the stock.
Sungy Mobile (NASDAQ:GOMO) opened at 8.44 on Friday. Sungy Mobile has a 52-week low of $8.00 and a 52-week high of $33.87. The stock’s 50-day moving average is $10.77 and its 200-day moving average is $17.10. The company has a market cap of $281.9 million and a price-to-earnings ratio of 31.80.
Sungy Mobile (NASDAQ:GOMO) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.05. The company had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.70 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. Analysts expect that Sungy Mobile will post $0.62 EPS for the current fiscal year.
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