In the latest of a series of...
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In the latest of a series of setbacks, Naugles Inc. said Tuesday that its stock will not be listed on the NASDAQ over-the-counter market for at least a year because it failed to meet the exchange’s capital and surplus requirements.
Naugles common stock will continue to be traded by its market makers.
The company lost $26.6 million in the third quarter of its 1986 fiscal year, giving it a loss of $30.8 million for the first nine months. Results for the fourth quarter and the full fiscal year ended July 3 won’t be available before late August, but analysts who follow Naugles are predicting more losses.
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