ST. LOUIS, MO - Furniture Brands International said it has regained compliance with the New York Stock Exchange on its stock listings prices.
On Dec. 21, FBI (NYSE: FBN) received notice that its average stock price had traded below the required $1.00 per share average for 30 consecutive days of trading. The importer and manufacturer of wood and upholstered furniture was told it had 60 days to bring its average closing price above $1.00.
FBI’s share price was $1.40 at the close of trade Feb. 4. The company stated it will continue to monitor the situation for compliance.
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