NEW YORK -- Razorfish has transferred its common stock to the Nasdaq SmallCap Market, the New York-based i-shop said.
The stock started trading on the SmallCap Market Thursday and will continue until the Nasdaq Listing Qualifications Panel completes its review of the company's transfer application. The move follows a reverse stock split in July of its common stock in a ratio of one-for-30 [IQ Daily Briefing, July 16].
The company will retain the ticker symbol "RAZF" and investors should experience no material difference in how they obtain stock price quotes or news about the company.
Razorfish stock was trading at $2.36 Thursday, down one cent. Its 52-week high is $26.33 and 52-week low is $1.76.