The New York Stock Exchange has warned Richmond electronics retailer Circuit City that it could be delisted as soon as April because it stock price has fallen below $1 per share.
The exchange informed Circuit City last week, and the company has 10 days to write a letter to the exchange detailing how it will improve its stock price. The exchange said Circuit City must bring its stock price above $1 and keep it there for 30 days.
Circuit City stock closed at 30 cents on Thursday. (Richmond Times-Dispatch)