China Information Technology Regains Compliance with NASDAQ Minimum Bid Price Rule
Tickers: CNIT
China Information Technology, Inc. (Nasdaq: CNIT) today announced that the Company has received a letter from the NASDAQ Stock Market dated March 19, 2012 advising the Company that the closing bid price of the Company's stock on NASDAQ has been at $1.00 per share or greater for 10 consecutive business days. Accordingly, the Company has regained compliance with the minimum bid price requirement for continued listing on the NASDAQ Global Select Market.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted in: News, Events, Markets
Partner Network