NQ Mobile Inc. (NYSE:NQ) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

NQ Mobile (NYSE:NQ) traded up 0.28% on Wednesday, reaching $3.53. The company had a trading volume of 240,180 shares. The stock’s 50-day moving average is $3.43 and its 200-day moving average is $3.68. The company’s market capitalization is $380.56 million. NQ Mobile has a 52 week low of $3.03 and a 52 week high of $4.68.

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Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC raised its stake in NQ Mobile by 20.0% in the first quarter. Penserra Capital Management LLC now owns 27,253 shares of the software maker’s stock worth $113,000 after buying an additional 4,537 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in NQ Mobile during the first quarter worth $131,000. Bank of Montreal Can raised its stake in NQ Mobile by 343.8% in the second quarter. Bank of Montreal Can now owns 100,988 shares of the software maker’s stock worth $343,000 after buying an additional 78,231 shares in the last quarter. Guggenheim Capital LLC raised its stake in NQ Mobile by 0.5% in the fourth quarter. Guggenheim Capital LLC now owns 119,616 shares of the software maker’s stock worth $385,000 after buying an additional 543 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in NQ Mobile during the fourth quarter worth $951,000. Institutional investors own 6.78% 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.

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