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 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.