NQ Mobile has been the subject of a recent negative research report from Muddy Waters. The research firm known for spotting fraudulent accounting practices at Chinese companies gave NQ Mobile a price target below $1 a share. Shares were hit hard and fast following the news report, losing around 50 percent of its value.
NQ Mobile is set to report its quarterly earnings on November 12 at 8:00PM ET. According to Whispernumber.com, the consensus estimate is at $0.28 a share. The company is also hosting an investor day on Tuesday November 19 at 1:00PM ET in New York City.
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