Israeli revenue assurance and revenue management vendor ECtel has been warned by Nasdaq that its shares might get delisted. The warning was issued after ECtel’s shares fell below the minimum $1 per share threshold for 30 consecutive days. ECtel is not alone; reports say that Nasdaq warned five Israeli businesses battling against depressed share prices. But ECtel might still maintain their listing. At the market close on Friday, ECtel shares were worth USD1.02. The balance of trades was just enough to lift ECtel above the threshold, but a quick look at the history of prices over the last month shows ECtel to be dancing around the $1 mark. Now might be a good time for ECtel to use some of its cash pile to buy back shares and drive up the price of the shares that remain on the market. As an alternative, ECtel may simply merge shares, reducing the number in circulation but proportionately increasing their face value.
ECtel Receives Nasdaq Warning
Israeli revenue assurance and revenue management vendor ECtel has been warned by Nasdaq that its shares might get delisted. The warning was issued after ECtel's shares fell below the minimum $1 per share threshold for 30 consecutive days. ECtel is not alone; reports say that Nasdaq warned five Israeli businesses battling against depressed share prices. But ECtel might still maintain their listing. At the market close on Friday, ECtel shares were worth USD1.02. The balance of trades was just enough to lift ECtel above the threshold, but a quick look at the history of prices over the last month shows ECtel to be dancing around the $1 mark. Now might be a good time for ECtel to use some of its cash pile to buy back shares and drive up the price of the shares that remain on the market. As an alternative, ECtel may simply merge shares, reducing the number in circulation but proportionately increasing their face value.
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