Primech Holdings Faces Nasdaq Compliance Challenge

Primech Holdings Ltd. (PMEC) has released an update.

Primech Holdings Limited has been notified by Nasdaq of a minimum bid price deficiency, as its shares traded below $1 for 30 consecutive days. The company, a leading facilities services provider in Singapore, has until November 11, 2024, to regain compliance with the minimum bid price to avoid delisting. Primech’s business operations and stock trading remain unaffected in the interim.

For further insights into PMEC stock, check out TipRanks’ Stock Analysis page.