Dallas, Texas 03/05/2014 (FINANCIALSTRENDS) – NQ Mobile Inc (ADR) (NYSE:NQ) is the Beijing, China based mobile connectivity service provider. The company is known to have a presence in the privacy, productivity as well as the security features of mobile connectivity and internet services space.
NQ Mobile Inc (ADR)(NYSE:NQ) has been capturing market share through a range of services, which are initially introduced as free services and later into paid-services, once the user-base has increased. Based on this model called as the Freemium subscription the company has over 242 million users who are registered, besides accessing it form over 150 countries.
NQ Mobile Inc (ADR)(NYSE:NQ) has in the last week of March, reported fast movement on the stock market. This has been reflected in gains of 6.7% rated at $20.70.meanwhile, the company has reported the trading volume has increased. From a 4.32 million shares, the increase is now way above at a three-month daily average of 3.6 million.
NQ Mobile Inc (ADR)(NYSE:NQ) has received upgrades on the basis of the high revenue growth seen thus far. The company revenue saw a 11.01% growth, where the industry average was just 10.2%.
NQ Mobile Inc (ADR)(NYSE:NQ) also has no large-sized debts which has helped the company to be a debt-to-equity ratio in the region of zero. Therefore, the company has been able to see more favorable weightage. Again the company has reported a quick ratio of 4.14, clearly indicating the ability of the company to be able to cover most of its cash requirements. This Chinese mobile services provider has also been able to bring in higher valuation. The share prices in just a year have moved by over 203.43%. The jump is seen by analysts as high, in comparison to peers. The company’s net income too for the same quarter, a year ago was found to lesser, when compared with the S&P 500 as well as the software industry.