Zacks: NQ Mobile Inc. (NQ) Receives Consensus Rating of “” from Brokerages
NQ Mobile Inc. (NYSE:NQ) has been assigned an average broker rating score of 0.00 () from the zero analysts that provide coverage for the company, Zacks Investment Research reports.
Zacks has also assigned NQ Mobile an industry rank of 96 out of 265 based on the ratings given to its competitors.
NQ has been the subject of several research analyst reports. ValuEngine raised shares of NQ Mobile from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub raised shares of NQ Mobile from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th.
NQ Mobile (NQ) traded up 0.59% during trading on Tuesday, reaching $3.39. 375,419 shares of the company’s stock traded hands. The stock’s market capitalization is $365.46 million. NQ Mobile has a 1-year low of $3.06 and a 1-year high of $4.68. The stock has a 50-day moving average price of $3.42 and a 200 day moving average price of $3.67.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in NQ Mobile by 2.9% in the second quarter. State Street Corp now owns 241,574 shares of the software maker’s stock valued at $822,000 after buying an additional 6,890 shares during the period. Dimensional Fund Advisors LP raised its position in NQ Mobile by 34.8% in the second quarter. Dimensional Fund Advisors LP now owns 852,397 shares of the software maker’s stock valued at $2,899,000 after buying an additional 219,867 shares during the period. Profund Advisors LLC raised its position in NQ Mobile by 50.0% in the second quarter. Profund Advisors LLC now owns 30,210 shares of the software maker’s stock valued at $103,000 after buying an additional 10,065 shares during the period. Stevens Capital Management LP raised its position in NQ Mobile by 83.5% in the second quarter. Stevens Capital Management LP now owns 34,837 shares of the software maker’s stock valued at $118,000 after buying an additional 15,856 shares during the period. Finally, Penserra Capital Management LLC raised its position in NQ Mobile by 237.4% in the second quarter. Penserra Capital Management LLC now owns 91,960 shares of the software maker’s stock valued at $312,000 after buying an additional 64,707 shares during the period. 6.70% of the stock is owned by institutional investors and hedge funds.
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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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