16-year low for THQ shares

You may well have figured this out already, but hard times have fallen about Homefront publisher THQ. Having shut down a large amount of studios, cut back on others and axed franchises like Red Faction, the publisher’s shares now face a 16-year low, VideoGamer reports.

Shares dropped to $1.79 on Wednesday (August 10). Prices haven’t been that low since 1995. While the company has kept quiet on the matter, Wedbush Securities analyst Michael Pachter offered this comment: “Investors have become extremely skeptical of THQ. Honestly, THQ has been saying they’ve been in a turnaround since 2008.”

The most recent victims of THQ’s current troubles were Blue Tongue Entertainment and two other studios. Can the company keep this up much longer?

YOU MIGHT ALSO LIKE: