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Weakness Seen in NQ Mobile (NQ): Stock Tanks 13.0%

Zacks Equity Research

NQ Mobile Inc. (NQ) saw a big move last session, as the company’s shares fell nearly 13.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. . This continues the recent downtrend for NQ, as the stock is now down nearly 40.0% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.   

NQ currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the technology sector include Adobe Systems Inc. (ADBE), Ansys, Inc. (ANSS) and Informatica Corporation (INFA). All these stocks carry a Zacks Rank #2 (Buy).

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NQ MOBILE INC (NQ): Free Stock Analysis Report

ADOBE SYSTEMS INC (ADBE): Free Stock Analysis Report

ANSYS INC (ANSS): Free Stock Analysis Report

INFORMATICA CP (INFA): Free Stock Analysis Report

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