FROM STAFF REPORTSFriday, October 19, 2007
Austin-based Asure Software Inc. said Thursday it's no longer at risk of being delisted by Nasdaq.
The company had been threatened with possible delisting because its share price had fallen below $1, the Nasdaq minimum, for an extended period.
The shares have traded for as little as 42 cents in the past year. But they have shot up in the past month, closing Thursday at $1.36.
"We are pleased that the market is recognizing the value of Asure Software and that the situation has corrected itself well within the time frame allowed by Nasdaq," chief executive Richard Snyder said.
In recent weeks, the company — formerly Forgent Networks Inc. — has changed its name, made an acquisition and changed its strategy to focus on its scheduling software.
The stock closed at $1.01 on Oct. 1 and has not slipped back since.
Add comment
