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THQ Facing NASDAQ Delisting

The publisher's share has dropped too low for NASDAQ's comfort.

THQ was once known as the publisher of dozens of licensed video games each year. Recent attempts to diversify their portfoloio has resulted in a significant drop off in their profitability, which wasn't helped by the declining popularity of the licensed game market. As a result, downsizing and layoffs have been announced and their share price has dropped below a dollar. The Saints Row publisher now faces NASDAQ delisting.

THQ was warned today that it has 180 days to get its price per share to the $1 mark and then keep it there for 10 consecutive days. Currently, their shares are valued at only 67 cents, down from $36 back in mid-2007. Near the end of 2011, the stock price hovered around $2, but took a drastic dip to its current rate in early December.

In order to get the stock price back up, THQ can combine its shares in a reverse stock split to make them more valuable - a move Gamasutra describes as "expensive, time consuming and embarrassing." Alternatively, the company can attempt to convince the NASDAQ that an effective turn-around plan is in place, but that they need more time to execute it.


 

Comments

Nick DiMola Director

01/31/2012 at 04:14 PM

Shame that THQ has fallen this far. Maybe they can turn it around...

Mongoose

01/31/2012 at 10:58 PM

If you're into investing, now would be a good time to get some THQ stock. If they can hold it together until Darksiders 2, it should pick back up.

Speaking of investors, I'm surprised they're not revolting, calling for a change of management, new board of directors and the like.

Angelo Grant Staff Writer

02/01/2012 at 10:42 AM

I second this.  Darksiders 2 looks sweet.

Nick DiMola Director

02/01/2012 at 11:19 AM

I agree, I can't believe they haven't asked for someone's head on a spike.

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