Trading Report: Today, Weekly Research Analysts’ Ratings Changes for Glu Mobile (GLUU)

Today, Weekly Research Analysts’ Ratings Changes for Glu Mobile (GLUU)

Several brokerages have updated their recommendations and price targets on shares of Glu Mobile (NASDAQ: GLUU) in the last few weeks:

Shares of Glu Mobile Inc. (NASDAQ:GLUU) traded down 3.04% during trading on Friday, reaching $2.23. The company’s stock had a trading volume of 867,857 shares. The stock’s market capitalization is $297.62 million. Glu Mobile Inc. has a 12-month low of $1.73 and a 12-month high of $4.00. The firm’s 50-day moving average is $2.05 and its 200-day moving average is $2.25.

Glu Mobile (NASDAQ:GLUU) last released its earnings results on Thursday, November 3rd. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.30. Glu Mobile had a negative return on equity of 20.40% and a negative net margin of 33.99%. The business earned $51.40 million during the quarter, compared to analysts’ expectations of $50.93 million. During the same quarter in the previous year, the business earned $0.06 EPS. The business’s revenue for the quarter was down 18.8% on a year-over-year basis. Equities analysts expect that Glu Mobile Inc. will post ($0.38) earnings per share for the current year.

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