NQ Mobile Inc. (NYSE:NQ) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of NQ Mobile Inc. (NYSE:NQ) from a sell rating to a hold rating in a report released on Tuesday, July 25th.

Shares of NQ Mobile (NYSE:NQ) traded up 0.59% during trading on Tuesday, reaching $3.39. 375,419 shares of the company’s stock were exchanged. The stock’s market cap is $365.46 million. The stock’s 50 day moving average price is $3.42 and its 200-day moving average price is $3.67. NQ Mobile has a 52-week low of $3.06 and a 52-week high of $4.68.

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Several large investors have recently bought and sold shares of NQ. Stevens Capital Management LP raised its stake 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 worth $118,000 after buying an additional 15,856 shares in the last quarter. Penserra Capital Management LLC raised its stake 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 worth $312,000 after buying an additional 64,707 shares in the last quarter. Fagan Associates Inc. raised its stake in NQ Mobile by 4.6% in the second quarter. Fagan Associates Inc. now owns 26,035 shares of the software maker’s stock worth $1,160,000 after buying an additional 1,150 shares in the last quarter. Bank of Montreal Can raised its stake in NQ Mobile by 343.8% in the second quarter. Bank of Montreal Can now owns 100,988 shares of the software maker’s stock worth $343,000 after buying an additional 78,231 shares in the last quarter. Finally, Hartwell J M Limited Partnership raised its stake in NQ Mobile by 2.9% in the second quarter. Hartwell J M Limited Partnership now owns 359,000 shares of the software maker’s stock worth $1,221,000 after buying an additional 10,000 shares in the last quarter. 6.70% of the stock is currently owned by institutional investors.

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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