Trading Report: Today, NQ Mobile Inc. (NQ) to Release Quarterly Earnings on Wednesday

Today, NQ Mobile Inc. (NQ) to Release Quarterly Earnings on Wednesday

NQ Mobile Inc. (NYSE:NQ) will be releasing its Q316 earnings data on Wednesday, November 30th. Analysts expect NQ Mobile to post earnings of $0.02 per share and revenue of $95.00 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

NQ Mobile Inc. (NYSE:NQ) opened at 3.79 on Tuesday. The firm has a 50-day moving average of $3.52 and a 200-day moving average of $3.82. The stock has a market cap of $371.50 million, a PE ratio of 36.80 and a beta of 2.04. NQ Mobile Inc. has a 1-year low of $3.03 and a 1-year high of $5.35.

A number of research firms have commented on NQ. TheStreet upgraded shares of NQ Mobile from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Rosenblatt Securities reiterated a “buy” rating and set a $13.00 price objective on shares of NQ Mobile in a research report on Wednesday, August 24th.

Several large investors have recently added to or reduced their stakes in the stock. Lombard Odier Asset Management USA Corp bought a new stake in NQ Mobile during the second quarter valued at about $2,262,000. Cornerstone Capital Management Holdings LLC. bought a new stake in NQ Mobile during the third quarter valued at about $2,332,000. BlackRock Fund Advisors boosted 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 valued at $1,233,000 after buying an additional 327,892 shares during the last quarter. Toronto Dominion Bank bought a new stake in NQ Mobile during the second quarter valued at about $1,013,000. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in NQ Mobile by 136.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 267,271 shares of the company’s stock valued at $989,000 after buying an additional 154,233 shares during the last quarter. Hedge funds and other institutional investors own 8.82% of the company’s stock.

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