Glu Mobile (NASDAQ:GLUU) released its earnings results on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.13), Briefing.com reports. The business had revenue of $120.40 million during the quarter, compared to the consensus estimate of $111.00 million. Glu Mobile had a net margin of 0.41% and a return on equity of 3.39%. The firm’s revenue was up 19.6% compared to the same quarter last year.
Glu Mobile stock traded up $0.34 during trading on Friday, hitting $5.81. The stock had a trading volume of 1,832,100 shares, compared to its average volume of 2,908,877. The stock has a market cap of $866.56 million, a price-to-earnings ratio of -72.63, a price-to-earnings-growth ratio of 3.71 and a beta of 1.15. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. Glu Mobile has a 1 year low of $4.11 and a 1 year high of $11.75. The stock’s 50 day moving average is $5.55 and its two-hundred day moving average is $6.71.
GLUU has been the subject of several recent analyst reports. BidaskClub raised Glu Mobile from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Wedbush reduced their target price on Glu Mobile from $8.00 to $7.50 and set an “outperform” rating for the company in a report on Thursday. Stephens set a $8.00 price objective on Glu Mobile and gave the company a “buy” rating in a research note on Friday, September 6th. Benchmark upgraded Glu Mobile to a “buy” rating and set a $8.00 price objective on the stock in a research note on Tuesday, September 10th. Finally, DA Davidson began coverage on Glu Mobile in a research note on Tuesday, September 24th. They issued a “buy” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $7.53.
About Glu Mobile
Glu Mobile Inc develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company publishes titles primarily in four genres, including home décor, sports and action, fashion and celebrity, and time management. It creates games based on its own brands, Blood & Glory, Contract Killer, Cooking Dash, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros, QuizUp, and Tap Sports.
Further Reading: Diversification Important in Investing
Receive News & Ratings for Glu Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Glu Mobile and related companies with MarketBeat.com's FREE daily email newsletter.