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In July, the company was notified by Nasdaq that it faced delisting after failing to comply with minimum market value requirements.
Nasdaq told the company in an Aug. 25 letter that the company "has not maintained a minimum market value" and that the stock would lose its listing unless that changed, according to a filing with the Securities and Exchange Commission.
In order to join Nasdaq's more prestigious national market, a company must meet certain requirements, such as net tangible assets of at least $6 million and a minimum market value of $8 million.
We combed more than 5,000 publicly traded technology companies, looking for profitable companies with a minimum revenue of $150 million and a minimum market value of $500 million.
All of the companies on our list of big stock-market losers either fell below our minimum market value requirement ($1 billion) or did not meet the growth or other requirements for this year's list.
Using FactSet Research Systems and the Market Guide database, we screened for companies with a minimum market value of $1 billion that have had steady or improving free cash flow over the past five years and maintained positive free cash flow through the first quarter of 2001.
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The ATA Holdings Corporation, an airline company in danger of defaulting on its debt, said yesterday that its stock would stop trading on the Nasdaq stock market in November if its market value did not regain minimum levels.
McCurry sets two minimums on her portfolio candidates: Their common market value must be greater than $5 billion and debt must total less than 50% of that market capitalization.
The stock has traded as low as 31 cents a share in the last six months, and in July the stock faced delisting when its market value dropped below Nasdaq's minimum requirements.
The trade-off analysis revealed that under the minimum-impact, no-fishing scenario, resilience, NPP/Biomass, Shannon diversity, and mean trophic level attained maximum values, while total landings and total market value of the fisheries were at minima (Fig. 4a).
Minimum wages can be sector-specific and can overstate the market value of the labor they compensate.
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