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Glu Mobile (NASDAQ:GLUU) target price lowered to $2.25, reported today by Wedbush

Only yesterday Glu Mobile (NASDAQ:GLUU) traded 0.45% higher at $2.29. GLUU’s 50-day average is $2.28 and its 200-day moving average is $2.55. The last close is down 12.90% from the 200-day average, compared to the S&P 500 Index which has fallen -0.01% over the same time period. 2,019,558 shares of GLUU were exchanged, up from ann avg. trading volume of 1,901,860.

Indicating a possible downside of -0.02%, Wedbush dropped the target stock price of Glu Mobile (NASDAQ:GLUU) to $2

On 7/29/2016, Wedbush released a statement for Glu Mobile(NASDAQ:GLUU) lowered the target price from $2.65 to $2.45. At the time, this suggested an upside of 0.05%.

See Chart Below:

Glu Mobile (NASDAQ:GLUU)

In addition to Wedbush reporting it’s stock price target, a total of 9 analysts have released a report on the company. The 12-month target price is $3.37 with one analyst rating the company a strong buy, six analysts rating the company a buy, two firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 brokerages rating the stock as sell.

Glu Mobile has a one-year low of $1.98 and a one-year high of $4.96 and has a market capitalization of $0.0.

About Glu Mobile (NASDAQ:GLUU)

Glu Mobile Inc. develops, publishes and markets a portfolio of games. The Company’s games appeal to a cross section of the users of smartphones and tablet devices who download and make purchases within its games through direct-to-consumer digital storefronts. It operates through mobile games segment. It operates in various geographical regions, including the United States; Americas, excluding the United States; Europe, the Middle East and Africa (EMEA), and Asia Pacific. It creates games in various genres, such as action, celebrity, sports and simulation that are based on its brands, including Contract Killer, Cooking Dash, 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, Kendall and Kylie, Katy Perry Pop, James Bond: World of Espionage, and Mission Impossible: Rogue Nation and Sniper X With Jason Statham.

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