QC HoldingsвЂ™ presence in Overland Park is certainly one good reason why Kansas City is normally viewed as a nerve that is geographic when it comes to realm of payday financing.
QC Holdings runs nearly 400 retail payday, name and installment loan shops across the nation. But as regulators have a better consider the techniques utilized by payday loan providers, so when legal actions against those businesses loom, the short-term, high-interest financing business gets tougher.
Stock costs for QC Holdings took a beating on Monday, days following the business announced it’s going to stop trading on Nasdaq on February 11. shares will go on to Pink Sheets, an over-the-counter change with much less strict reporting needs than companies noted on Nasdaq or even the New York stock market.
The organization cited a brief history of low trading amount plus the expenses associated with detailing on an exchange that is majorregulatory conformity, accounting and appropriate charges) as reasons behind moving away from Nasdaq.
Share costs for QC Holdings exposed at $1.12 a share on and quickly dropped as low as 54 cents вЂ” more than half their value monday. During the right time with this writing, shares traded for 62 cents with one hour kept in trading. QC Holdings shares traded as high as $4.89 a share on April 29, 2011, a period once the recession began fading but pressures that are economic households hadn’t. Continue reading