But an SEC filing from Morgan Stanley divulging a 5.2% stake in the company on Monday, the penultimate day of trading for the year, sent the China-based stock soaring before the end of 2013. At market close on Tuesday, NQ Mobile had gained 13.1% to $15.72.NQ data by YCharts
While the telecommunications company is still off from the year's high of $24.92 achieved in mid-October, the gains seen over the week could see it rebound through 2014. Over the year, the company is up 160.1%.
TheStreet Ratings team rates NQ MOBILE INC -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate NQ MOBILE INC -ADR (NQ) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."
Highlights from the analysis by TheStreet Ratings Team goes as follows: