ANSONIA, Conn. (Jan. 22)—The Nasdaq stock exchange warned Farrel Corp. it will be delisted from the exchange if the group´s share value does not improve significantly over the next three months. Over the last 30 trading days, the value of the rubber machinery group´s common shares has struggled below the minimum bid price of $1, required by Nasdaq rules. To avoid delisting, Farrel´s share price must remain at or above the minimum level for 10 consecutive trading days prior to April 11, according to Farrel. Company management is considering measures to maintain its Nasdaq listing, the firm said.
Farrel facing Nasdaq exit
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