Somewhat Favorable Media Coverage Somewhat Unlikely to Affect NQ Mobile (NQ) Share Price

Media headlines about NQ Mobile (NYSE:NQ) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NQ Mobile earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.6037045148043 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:

Separately, Rosenblatt Securities set a $13.00 price objective on shares of NQ Mobile and gave the company a “buy” rating in a research note on Monday, December 25th.

NQ Mobile (NQ) opened at $3.89 on Friday. NQ Mobile has a 52-week low of $3.24 and a 52-week high of $4.68. The firm has a market cap of $390.87, a P/E ratio of -1.61 and a beta of 1.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 4.02 and a current ratio of 4.04.

NQ Mobile declared that its board has authorized a share buyback plan on Monday, November 13th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

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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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