single-digit midgetnoun.
A company with a stock price below 10 dollars.
Example Citation:
"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