Avid, Maker of Pro Tools, Now Delisted from NASDAQ

Restructuring efforts at Avid maker Pro Tools are far from returning faith in the company by the stock market.

Financial site The Street reports today on the state of the company’s stock. Most troubling, yesterday Avid received a letter from NASDAQ delisting the company from the stock exchange. As of today, trading of AVID was halted on NASDAQ. (This doesn’t mean you can’t still trade AVID stock; you have to do it via the Over-the-Counter market.)

The really significant issues here are cash flow and earnings, and Avid’s ability to report on their situation – and losing NASDAQ trading will only exacerbate the problem. TheStreet Ratings Team looked at losses and negative cash flow.

 

http://createdigitalmusic.com/2014/02/avid-maker-pro-tools-now-losing-money-faster-delisted-nasdaq/