The company's stock closed Tuesday (March 11) at $0.63, compared to its 52-week high of $9.17, leaving Vyyo with a market cap of less than $12 million.
Vyyo's steep stock descent sets the stage for a possible Nasdaq delisting, as the value of its securities has fallen below the required $50 million minimum. (See Vyyo Requests Nasdaq Hearing.)
In February, Vyyo unveiled a restructuring plan aimed at easing its burn rate, but it hasn't been enough to stop the fire sale on its shares. (See Vyyo Details Restructuring .)
Time to say goodbye to Vyyo?
—Michael Harris, Chief Analyst, Cable Digital News