LDK Solar Co. Ltd., a China-based vertically integrated manufacturer of photovoltaic products, says it is once again in compliance with the New York Stock Exchange's (NYSE) continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period.
On Nov. 16, 2012, the company was notified by the NYSE that the average price of its common stock had traded below a consecutive 30-trading-day average of $1.00 per share.
At the close of trading on Dec. 31, 2012, the average closing price of common stock for the previous 30 trading days was above $1.00 per share, LDK Solar reports. Accordingly, it has resumed compliance with all NYSE continued listing requirements.
