Wednesday, March 28, 2012

Swisher Hygiene (Nasdaq: SWSH) shares drop 13 percent

Swisher Hygiene (Nasdaq: SWSH) shares drop 13 percentShawshank, VA 3/28/12 (StreetBeat) -- Shares of Swisher Hygiene (Nasdaq: SWSH) fell 41 cents, or 13.45 percent, to $2.64 in early trading on Wednesday after the company announced it would have to delay its annual report and possibly restate earnings for the first three quarters of 2011.

By 9:54 a.m., volume had hit 571,451 shares compared with an average daily volume of 479,397 shares over the past three months.

The stock briefly touched $2.63, which would be a new 52-week low compared to the previous low of $2.83 set on March 1. The 52-week high of $11.43 was set on April 19.

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