THQ has recently been warned by the NASDAQ stock exchange that it faces the possibility of a delisting. The publisher which has seen troubles recently, has been warned by the market that it will be dropped if it can’t get the company stock price above a dollar, and keep it there.
It’s the bare minimum requirement to be listed on the exchange, and THQ has seen a sub $1 level since the start of December. The company has been given until July 23rd to boost stock prices or the company will face delisting.
Amid buyout rumors last month, the company has shuttered numerous studios and things may be more dire than the company is letting on at this point. THQ has recently shifted focus from licensed kids titles to a core focus catalog of titles.
A delisting from the NASDAQ isn’t the end of the world for THQ, but it’s usually not a good sign.
Published: Jan 31, 2012 09:00 am