GateHouse (NYSE: GHS) closed 4 p.m. EDT trading at 44 cents, down 19 cents, or 30.16%. That was a new all-time low for GateHouse, which has traded as high as $17.43 in the past 52 weeks. The stock opened Monday at 88 cents.
Big Board floor trading of Fairport, N.Y.-based GateHouse's stock has been halted because it trades below $1. It faces delisting if it remains at depressed levels, and it cannot bring its market capitalization above $75 million. Based on Friday's close, its market cap is about $25.6 million.
Friday, August 01, 2008
Editor & Publisher: GateHouse Media faces delisting
If things do not turn around quickly, GateHouse Media will be delisted, according to an article just posted on the Editor & Publisher website:
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment