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.