Houston-based Stage Stores Inc. (NYSE: SSI) is at risk of being delisted from the New York Stock Exchange.
The retailer is no longer in compliance with the continued listing standard requiring companies’ 30-day average closing price to remain above $1 per share, according to a Feb. 1 press release. Stage plans to notify the NYSE of its plan to regain compliance, which must be achieved within six months of notification.
Stage’s stock last closed above $1 on Dec. 26, and it dipped down to 73…
Houston Biz Journal
Houston-based national retailer receives delisting warning