THQ regains Nasdaq listing compliance
Video game publisher THQ Inc. said Tuesday that it has regained compliance with the minimum stock price requirement to continue to be listed on the Nasdaq.
The Nasdaq Global Select Market, where THQ is listed, requires that companies close at $1 per share or higher for at least 10 consecutive days.
THQ posted a loss in its most recent quarter in May, as it worked through restructuring efforts. The company has been working on refocusing its business to its core offerings, which include its popular wrestling and action-adventure video games such as "WWE" and "Darksiders."
It has also exited kids' licensed game business and trimmed its product line and streamlined operations.
Shares fell 13 cents, or 2.5 percent, to $5.03 in late morning trading. The stock is down nearly 34 percent year-to-date.