NQ Mobile (NQ) Given Coverage Optimism Rating of 0.07

News headlines about NQ Mobile (NYSE:NQ) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. NQ Mobile earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 44.1876750380374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern’s scoring:

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

Shares of NQ Mobile (NYSE:NQ) traded up $0.23 on Monday, hitting $2.25. 3,064,025 shares of the stock were exchanged, compared to its average volume of 1,597,493. The company has a current ratio of 4.04, a quick ratio of 4.02 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $197.39, a price-to-earnings ratio of -0.94 and a beta of 1.23. NQ Mobile has a twelve month low of $1.58 and a twelve month high of $4.68.

NQ Mobile (NYSE:NQ) last announced its earnings results on Friday, December 15th. The software maker reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $12.00 million for the quarter. NQ Mobile had a negative net margin of 173.60% and a negative return on equity of 2.29%.

NQ Mobile announced that its Board of Directors has authorized a stock buyback program 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 programs are typically an indication that the company’s board of directors believes its shares are undervalued.

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About NQ Mobile

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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