Titan's low stock price puts NYSE listing in jeopardy

QUINCY, Ill. (April 28)—Tire and wheel manufacturer Titan International Inc. has been notified by the New York Stock Exchange that its common stock has fallen below the exchange's continued listing criteria relating to minimum share price, the company announced April 25. The NYSE requires a company's common stock trade at a minimum average share price of $1 over a 30-day trading period. Titan shares have closed below $1 for 58 consecutive trading days through April 25, beginning Feb. 3. Under the exchange's guidelines, Titan must return to compliance with the continued listing criteria within six months following receipt of the notification. Titan believes an alternative trading venue will be available should its shares cease being traded on the NYSE, the firm said.