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Harte-Hanks receives NYSE listing noncompliance notice

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Harte-Hanks receives NYSE listing noncompliance notice

Harte-Hanks Inc. on Aug. 9 was notified by the New York Stock Exchange that it had fallen out of compliance with certain NYSE continued listing standards relating to average share price.

The NYSE noted that as of Aug. 7, the company's average closing price was less than the required $1 minimum over a consecutive 30 trading-day period.

Harte-Hanks said Aug. 14 that it has six months to regain compliance by bringing its share price and average share price back above $1. The NYSE will commence suspension and delisting procedures if the company is unable to do so.

In the meantime, Harte-Hanks' common stock will continue to be listed on the NYSE, trading under the symbol HHS, but will have ".BC" added to the normal ticker.

In April, Harte-Hanks received a noncompliance notice from the NYSE for failing to timely file its annual report on Form 10-K for the fiscal year ended Dec. 31, 2016.