NQ Mobile Inc. (NQ) to Release Quarterly Earnings on Wednesday
NQ Mobile Inc. (NYSE:NQ) is scheduled to be announcing its Q316 earnings results on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $95.00 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Shares of NQ Mobile Inc. (NYSE:NQ) opened at 3.79 on Tuesday. The firm has a market cap of $371.50 million, a price-to-earnings ratio of 36.80 and a beta of 2.04. NQ Mobile Inc. has a 12 month low of $3.03 and a 12 month high of $5.35. The firm has a 50-day moving average of $3.52 and a 200-day moving average of $3.82.
A number of hedge funds have recently bought and sold shares of NQ. Lombard Odier Asset Management USA Corp purchased a new stake in NQ Mobile during the second quarter worth $2,262,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in NQ Mobile during the third quarter worth $2,332,000. BlackRock Fund Advisors raised its stake in NQ Mobile by 6,083.3% in the second quarter. BlackRock Fund Advisors now owns 333,282 shares of the company’s stock worth $1,233,000 after buying an additional 327,892 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in NQ Mobile by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 275,681 shares of the company’s stock worth $1,053,000 after buying an additional 8,410 shares during the period. Finally, Toronto Dominion Bank purchased a new stake in NQ Mobile during the second quarter worth $1,013,000. 8.82% of the stock is currently owned by institutional investors and hedge funds.
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NQ has been the topic of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $13.00 price target on shares of NQ Mobile in a research report on Wednesday, August 24th. TheStreet raised shares of NQ Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th.
About NQ Mobile
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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