Mad Catz Warned to Increase Share Price or Face Delisting from NYSE

/ 4 years ago

Mad Catz RAT1 (6)

Things have not been going well for MadCatz in recent years, which is a bloody shame as they’ve made some pretty fantastic peripherals over the years, and still do for that matter. The main issue is it seems the company just can’t turn over enough profits for its investors and having recently offloaded its Seitek brand to Logitech, it’s still got some hard work ahead to get back to a comfortable level of profit.

Mad Catz is proud to be active on the NYSE, something they mention on all their press releases, but it may not be holding that claim for long. The company has been issued a warning that if it doesn’t increase the share price in the next six months, it would run the risk of being delisted from the NYSE.

MCZ stock is sitting at just 0.15 a share, which is really not good for any trading business. Most of this comes from the financial disaster that was the deal with Rock Band 4 creator Harmonix. They lost around $11m and had to lose 37% of their staff.

They’re going to have to make some big sacrifices while doubling down on pushing retail sales of the stock they have, or the business vultures will be looking to pick off what’s left like Logitech did with Saitek. Personally, I hope they recover, I love the products and their crazy designs, so fingers crossed this next few months brings them a stroke of good luck!

Topics: , , , , ,


By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram

Check out our Latest Video

Send this to a friend