Glu Mobile (GLUU) : Analyst Rating Update

Glu Mobile (GLUU) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 8 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Glu Mobile (GLUU) : 8 investment research analysts covering Glu Mobile (GLUU) have an average price target of $3.32 for the near short term. The highest target price given by the Brokerage Firm to the stock is $4 and the lowest target is $3 for the short term. Analysts expect the variance to be within $0.61 of the average price.

Glu Mobile (NASDAQ:GLUU): The stock opened at $2.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $2.32 for the day. The stock traded down to $2.19 during the day, due to lack of any buying support eventually closed down at $2.24 with a loss of -1.75% for the day. The stock had closed at $2.28 on the previous day. The total traded volume was 1,536,279 shares.

Also, Equity Analysts at the Roth Capital downgrades the rating on Glu Mobile (NASDAQ:GLUU). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The Analysts at the ratings agency lowers the price target from $4.15 per share to $2.5 per share. The rating by the firm was issued on May 4, 2016. The company shares have dropped -61.68% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $6.49 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $2.33 and the 200 Day Moving Average price is recorded at $2.67.

Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company offers games to a cross section of users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts, such as the Apple App Store, Google Play Store and Amazon Appstore, among others. The Company creates games based on its own brands, including Blood & Glory, Contract Killer, Deer Hunter, Diner Dash, Eternity Warriors, Frontline Commando, Gun Bros and Heroes of Destiny. The Company also creates games based on third-party licensed brands, including Kim Kardashian: Hollywood, Robocop: The Official Game, and Hercules: The Official Game, as well as its own branded games that incorporate third-party licensed brands, properties and other content, such as Racing Rivals and Tap Sports: Baseball. It released around 16 free-to-play games. It has around eight global studios that create and develop its games.

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