Dallas, Texas 09/23/2013 (Financialstrend) – Having developed a portfolio of action/adventure and casual games, Glu Mobile Inc. (NASDAQ:GLUU) primarily designs, markets and sells mobile games. The original games developed by the company include Blood & Glory, Bug Village, Big Time Gangsta, Deer Hunter, Contract Killer, Eternity Warriors, Frontline Commando and Frontline Commando among others. The company’s gaming portfolio has been designed for diverse users of smartphones and tablet devices. The users can purchase company’s games through digital storefronts as well as it serves to the users of feature phones served by wireless carriers and other distributors.
During the last week Glu Mobile Inc. (NASDAQ:GLUU) announced the launch of latest version of Deer Hunter 2014 that will be available, as of now, just for Apple Inc. (NASDAQ:AAPL)’s operating systems iOS and Mac OS. The startling features of Deer Hunter 2014 include the newer weapons and newer game modes including the ‘club hunt’ mode which is a multi-player mode, which has been possible just because of the upgraded server infrastructure. The Deer Hunter 2014 has proved to be the top performing game for the company, possibly in its history, topping the #1 position among the games available on iPhone platform, beating the most speculative last week’s launch of Grand Theft Auto V.
Recently the equities research analysts at Northland Securities have reiterated ‘positive’ rating for Glu Mobile Inc. (NASDAQ:GLUU). The stock has an average price target of $3.83 with a consensus ‘buy’ rating. The company announced its earnings per share at ($0.05) for the 2Q13 beating the street estimate of ($0.07).
Glu Mobile Inc. (NASDAQ:GLUU) has market capitalization of $170.69 million. On Friday, September 20, 2013 the stock of the company traded with volume of 3.71 million shares against the average volume of 1.62 million shares. The stock surged over 13% during the previous week. The 52 week range of the stock is between $1.99 and $5.16 and currently it is trading around $2.4.