NQ Mobile (NQ) Given a $13.00 Price Target at Rosenblatt Securities
NQ Mobile (NYSE:NQ) has been assigned a $13.00 target price by analysts at Rosenblatt Securities in a research note issued on Monday. The firm currently has a “buy” rating on the software maker’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 223.38% from the company’s current price.
NQ Mobile (NQ) traded up $0.03 during trading on Monday, reaching $4.02. The company’s stock had a trading volume of 1,121,507 shares, compared to its average volume of 453,050. The company has a current ratio of 4.04, a quick ratio of 4.02 and a debt-to-equity ratio of 0.56. NQ Mobile has a twelve month low of $3.16 and a twelve month high of $4.68.
NQ Mobile announced that its board has authorized a stock buyback plan on Monday, November 13th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the software maker to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
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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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