The company isn’t out of trouble yet, but this is a nice start.
Not too far back, THQ got a notice that the company was in danger of being delisted by NASDAQ, which would be a big blow to the company. Thankfully, that didn’t happen, and THQ was able to stave off the danger of delisting.
They accomplished this by a reverse stock split, consolidating 70 million shares of stock into 7 million, thereby raising stock prices to $5.16. THQ has ‘Darksiders 2’ coming out in just a few weeks – a game that they’re hoping will help get them back on track.