Glu Mobile Inc. (NASDAQ:GLUU) the manufacturer of “Contract Killer: Zombies” and “Gun Bros” game for mobile phones, is offering potential buyers some of the quickest sales growth among competitors in United States. Shares of Glu Mobile increased 21 % last week on rumours it’s now a takeover selection after payment of $180 million by Zynga Inc. for OMGPOP Inc. With experts calculating income will go up 86 % in the next couple of years. San Francisco-based Glu Mobile is trading at 2.3 times 2013 income, which is less than the competitors with a 58% discount to Zynga Inc(NASDAQ:ZNGA). Canaccord Financial Inc revealed that Glu Mobile could be the next focus on in the $7 billion mobile gaming market after acquisitions for OMGPOP, Playdom Inc., PopCap Games and Playfish Inc. in the 3 past years. While Glu Mobile has declined 61% since its 2007 public offering, the organization is expected to show the first positive rise 2014. Highly traded stocks for Multimedia & Graphics Software industry bagged mixed results. Activision Blizzard, Inc. (NASDAQ:ATVI) raised by 0.70 percent, Electronic Arts Inc. (NASDAQ:EA) by 0.12%. On the losers side, Glu Mobile Inc.(NASDAQ:GLUU) slumped with -2.40% and International Game Technology(NYSE:IGT) fell by -0.58% for the trading session on 27th March. Trending past and present performances, Glu Mobile Inc. (NASDAQ:GLUU) has shown an earnings per share growth of 3.14% for the current year, the sales growth in past five years remained +7.47% in comparison with quarterly revenue growth of -2.95%. The current price of stock maintains a distance of +10.19% from simple moving average of 20 days, +17.82% from simple moving average of 50 days and showing a distance of +22.60% from SMA of 200 days. |