PITTSBURGH — The New York Stock Exchange has notified downtown-based GNC Holdings, Inc. (NYSE: GNC) that the company could be delisted.
The company announced the warning from the exchange in a press release at a time when shares of its stock have been often been trading at or below 50 cents a share.
The listing standard for the New York Stock Exchange requires a company to maintain a minimum average closing price of $1.00 per share for 30 trading days in a row, and maintaining an average market capitalization of at least $50 million.
GNC reports the exchange indicated that GNC shares traded at average of 56 cents for a 30-day period ending on April 21, putting the company’s market capitalization at $47.3 million.
Click here to read more from the Pittsburgh Business Times.
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