single-digit midget
n. A company with a stock price that has fallen below 10 dollars.

Example Citations:
The upshot is that investors are “shooting the wounded,” dumping their holdings in former high fliers, including eToys and CDnow, and turning them into “single-digit midgets,” Silicon Valley parlance for companies with droopy share prices.
—Brad Stone, “Dot-Coms Over a Barrel,” Newsweek, April 3, 2000

In turn, falling stock prices make it far harder for a company to operate, sharply limiting its ability to keep valued employees and to attract more capital to keep growing. Once the stock price drops too low and a company becomes what Wall Street calls a “single-digit midget,” it often languishes there.
—Debora Vrana, “Bitter Lessons for Wall Street’s ‘Orphans’,” Los Angeles Times, August 26, 1997

Earliest Citation:
Montgomery Securities analyst Alice Ruth says the company could post one or two more quarters in the red. As for the stock, Feshbach says: “It looks like a single digit midget to me.”
—Herb Greenberg, “Business Insider,” The San Francisco Chronicle, January 22, 1991

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