THQ’s share price dropped to 58 cents per share last night before climbing back to 76 cents at closing. While we know that these share price values spell danger for the struggling publisher, where does it put the company in relation to its competitors?
We reported yesterday that THQ is facing de-listing from the NASDAQ stock market due to its failure to meet one of the listing requirements to keep its share value at or above $US1. THQ’s share price has hovered in the 60-70 cent region for more than 30 days, which means it no longer meet’s NASDAQ’s minimum requirements.
THQ currently has a share volume of 4,546,564 and 68,382,000 shares outstanding (shares outstanding are defined by the NASDAQ as publicly-held shares). Each share is valued at $US0.76. In comparison, EA has a share volume of 25,830,149 with 331,425,000 shares outstanding. Each share is valued at $19.56. Take Two has 3,012,387 shares with 86,660,000 shares outstanding. Each share is valued at $15.72.
The chart below shows THQ’s stock chart over the past 12 months.
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