Zacks: NQ Mobile Inc. (NYSE:NQ) Given Average Recommendation of “” by Brokerages
NQ Mobile Inc. (NYSE:NQ) has been given a consensus broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.
Zacks has also assigned NQ Mobile an industry rank of 108 out of 265 based on the ratings given to related companies.
Separately, BidaskClub cut shares of NQ Mobile from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th.
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NQ Mobile (NYSE:NQ) traded down 0.87% during mid-day trading on Tuesday, hitting $3.41. 228,927 shares of the stock were exchanged. The company has a 50-day moving average price of $3.43 and a 200-day moving average price of $3.68. NQ Mobile has a one year low of $3.03 and a one year high of $4.68. The company’s market cap is $367.62 million.
A number of institutional investors have recently made changes to their positions in NQ. Bank of Montreal Can boosted its position in shares of 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 during the last quarter. Hartwell J M Limited Partnership increased its stake in shares of NQ Mobile by 2.9% in the second quarter. Hartwell J M Limited Partnership now owns 359,000 shares of the software maker’s stock worth $1,221,000 after buying an additional 10,000 shares during the period. Morgan Stanley increased its stake in shares of NQ Mobile by 13.2% in the first quarter. Morgan Stanley now owns 413,582 shares of the software maker’s stock worth $1,725,000 after buying an additional 48,116 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NQ Mobile by 114.1% in the first quarter. Dimensional Fund Advisors LP now owns 632,530 shares of the software maker’s stock worth $2,635,000 after buying an additional 337,111 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of NQ Mobile during the first quarter worth approximately $131,000. Institutional investors own 6.69% 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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