RadioShack notified by NYSE it is out of compliance July 25, 2014
Fort Worth’s RadioShack has been notified by the New York Stock Exchange that, because its stock has traded for less than $1 for 30 straight days, it is out of compliance with the exchange’s requirements.
Under NYSE rules, RadioShack has six months to get back in compliance by boosting its stock price to at least $1 on the last trading day of themonth and having an verage closing price at that level over a 30-day period.
In a news release, company officials said “The company intends to notify the NYSE that it intends to cure the issue and regain compliance.”
RadioShack, which trades under the RSH symbol, closed at 80 cents on Friday, July 25.