ENGlobal Announced That It Received Notice From The Nasdaq Stock Market Saying That It Regained Compliance With The Minimum Bid Price Requirement
Portfolio Pulse from Benzinga Newsdesk
ENGlobal Corporation has regained compliance with Nasdaq's minimum bid price requirement, avoiding potential delisting. This follows a notice from Nasdaq confirming that ENG's stock price has met the required threshold.
December 19, 2023 | 1:12 pm
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ENGlobal Corporation received a notice from Nasdaq confirming that it has regained compliance with the minimum bid price requirement, which is positive for the stock's listing status.
Regaining compliance with Nasdaq's minimum bid price requirement is crucial for maintaining a listing on the exchange. This news is directly related to ENGlobal and is likely to be viewed positively by investors, as it removes the immediate risk of delisting. The positive impact on investor sentiment can lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100