The Sportsman’s Guide Inc. wil have its common stock relisted on the Nasdaq National Market System beginning tomorrow, trading under the symbol SCDE.
The company attributed the relisting to “a significant turn around” in its business, CEO Gregory R. Binkley said in a statement.
In February 2001 the firm’s stock began trading on the Nasdaq SmallCap Market after the company fell out of compliance with the market value of public float requirement as set forth in Nasdaq Marketplace Rule 4450(a)(5), the company said at the time.
The direct marketer of outdoor gear and general merchandise reported first quarter ended March 31, 2002 sales of $41.6 million, compared to $38.9 million for the same period one year ago. Net earnings totaled $784,000, a turnaround from the net loss of $167,000 in first quarter 2001. The company attributed the turnaround to wider margins, contained costs and the fact that Internet sales were up.
Online sales made up 27% of the South St. Paul, MN-based company
Network
