Media headlines about Glu Mobile (NASDAQ:GLUU) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Glu Mobile earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.611794666756 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Glu Mobile (NASDAQ GLUU) traded down $0.08 during mid-day trading on Wednesday, hitting $3.69. The stock had a trading volume of 3,496,800 shares, compared to its average volume of 3,726,190. Glu Mobile has a 52 week low of $1.85 and a 52 week high of $4.95. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $516.62, a price-to-earnings ratio of -6.59 and a beta of 1.72.
Glu Mobile (NASDAQ:GLUU) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The business had revenue of $81.10 million for the quarter, compared to the consensus estimate of $80.67 million. Glu Mobile had a negative return on equity of 35.19% and a negative net margin of 29.74%. The business’s revenue was up 57.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.33) earnings per share. research analysts expect that Glu Mobile will post -0.18 EPS for the current year.
In related news, COO Eric R. Ludwig sold 33,000 shares of Glu Mobile stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $3.90, for a total transaction of $128,700.00. Following the sale, the chief operating officer now directly owns 72,000 shares in the company, valued at $280,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Masi Niccolo De sold 131,966 shares of Glu Mobile stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $3.70, for a total value of $488,274.20. Following the sale, the insider now owns 512,859 shares in the company, valued at $1,897,578.30. The disclosure for this sale can be found here. Insiders have sold 169,966 shares of company stock worth $636,674 over the last quarter. 5.60% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: “Glu Mobile (GLUU) Receives Daily Media Sentiment Score of 0.18” was first reported by Week Herald and is owned by of Week Herald. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://weekherald.com/2018/01/17/glu-mobile-gluu-receives-daily-media-sentiment-score-of-0-18.html.
About Glu Mobile
Glu Mobile Inc develops, publishes and markets a portfolio of mobile games. The Company develops and publishes a portfolio of mobile games designed to appeal to a cross section of the users of smartphones and tablet devices. Its portfolio of mobile games is spread across various genres, including Fashion and Celebrity, Food, Sports and Action, Social Networking and Home.
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.