Universe Pharmaceuticals Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Portfolio Pulse from Benzinga Newsdesk
Universe Pharmaceuticals INC (NASDAQ:UPC) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price has fallen below $1.00 for 30 consecutive business days.
November 01, 2024 | 8:02 pm
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Universe Pharmaceuticals has been notified by Nasdaq for not meeting the minimum bid price requirement, as its stock has traded below $1.00 for 30 consecutive days.
The notification from Nasdaq indicates a risk of delisting if Universe Pharmaceuticals does not address the minimum bid price deficiency. This could lead to negative sentiment and pressure on the stock price in the short term.
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