News: Majesco receives new Nasdaq warning
US publisher Majesco has been given 180 days to raise its share price above USD 1 or face delisting from the Nasdaq stock exchange.
The warning came as Majesco’s share price remained below USD 1 for 30 consecutive days. This follows the company’s disappointing fourth quarter results that showed a $7.2 million loss, despite improvements in revenues and profitability.
If Majesco does not raise the share price, which currently stands at $0.99, above the minimum amount for 10 consecutive days of trading it will receive written notification that a delisting is pending.
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