Wed, Jan 16, 2013 | 02:48 GMT
Majesco stock dives below NASDAQ limits
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 74ยข 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.
Thanks, GoNintendo.
2 comments
#1
DSB
16/01/13, 4:39 pm
I blame Psychonauts.
#2
theevilaires
16/01/13, 4:42 pm
They’ll back bounce… I hope.