In the wake of its decent but not spectacular quarterly and annual financial release yesterday, Zumba publisher Majesco’s stock price has taken a beating, dropping 29% over one day to just 74¢ per share. The stock drop was probably triggered by the publisher’s inability to provide guidance, but it will have to scurry to climb back up above NASDAQ’s minimum $1 price before a 90 day time limit results in a delisting. Majesco’s quite experienced in this sphere though.
Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.