Shares of NQ Mobile Inc. (NYSE:NQ) traded down 1% during trading on Wednesday . The stock traded as low as $3.78 and last traded at $3.86, with a volume of 166,429 shares trading hands. The stock had previously closed at $3.90.

Several analysts recently commented on the company. TheStreet lowered NQ Mobile from a “hold” rating to a “sell” rating in a research note on Friday, May 27th. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price objective on shares of NQ Mobile in a research note on Tuesday, May 31st.

The firm has a market cap of $379.35 million, a P/E ratio of 37.57 and a beta of 2.56. The company has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.16.

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NQ Mobile (NYSE:NQ) last released its quarterly earnings data on Monday, August 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.01. The business earned $83.70 million during the quarter. NQ Mobile had a net margin of 2.70% and a return on equity of 8.26%. The firm’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter last year, the company earned $0.08 EPS. On average, equities research analysts expect that NQ Mobile Inc. will post $0.23 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in NQ. State Street Corp raised its position in shares of NQ Mobile by 15.2% in the first quarter. State Street Corp now owns 98,421 shares of the company’s stock worth $451,000 after buying an additional 12,966 shares during the period. Guggenheim Capital LLC raised its position in shares of NQ Mobile by 17.4% in the second quarter. Guggenheim Capital LLC now owns 105,368 shares of the company’s stock worth $390,000 after buying an additional 15,627 shares during the period. Bank of Montreal Can bought a new position in NQ Mobile during the second quarter worth approximately $100,000. OMERS ADMINISTRATION Corp raised its position in NQ Mobile by 98.5% in the first quarter. OMERS ADMINISTRATION Corp now owns 59,341 shares of the company’s stock worth $272,000 after buying an additional 29,441 shares during the period. Finally, Hartwell J M Limited Partnership raised its position in NQ Mobile by 74.8% in the second quarter. Hartwell J M Limited Partnership now owns 187,000 shares of the company’s stock worth $692,000 after buying an additional 80,000 shares during the period. Hedge funds and other institutional investors own 6.25% of the company’s stock.

NQ Mobile Company Profile

NQ Mobile Inc is a global provider of mobile Internet services. The Company provides a portfolio of offerings, including mobile game publishing platforms, mobile advertising platforms, mobile entertainment applications and platforms, mobile security and productivity applications, as well as other mobile applications.

5 Day Chart for NYSE:NQ

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