Genisco Technology Corp.: Shares of the company’s...
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Genisco Technology Corp.: Shares of the company’s common stock fell 21.2% Monday in light trading on the American Stock Exchange.
The manufacturer of customized military computer systems is in the midst of a reorganization intended to bring it additional cash reserves and new management. Its stock price rose $3.25 a share last week to close at $4.125. On Monday, it lost 87.5 cents a share to close at $3.25.
Because the Anaheim-based company’s stock price has been so low in price and so thinly traded in recent years, no Wall Street analysts follow it.
