The New York Stock Exchange notified RadioShack on Friday that it is no longer compliant with its requirements because the average closing price of its stock has fallen below $1 for 30-straight trading days.
The retailer's shares will continue trading on the exchange, and it has six months to regain compliance with the NYSE's requirements.
To become complaint, RadioShack shares must have a closing price of at least $1 on the last trading day of any month. They must also have an average closing price of at least $1 over the 30-day period.
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