HTC has been removed from a top index on Taiwan’s stock market later this month

Good news is few and far between for HTC, and that’s probably not going to change anytime soon. The latest stroke of bad luck for the company will have HTC removed from Taiwan Stock Exchange’s FTSE TWSE Taiwan 50 Index on September 21st, effectively labelling the company’s stock as low-end.

The Taiwan 50 Index accounts for about 70% of businesses in Taiwan, and although HTC will still be listed in the Mid-Cap 100 Index, that section of the stock market is significantly less valuable.

With plummeting stock prices, HTC’s market value has dipped below its available cash on hand. For a company, that’s a pretty sign and essentially tells investors that the company’s brand is worthless. HTC is still working on cutting costs and trying to turn things around, but they still have a very long road ahead of them.