Stage Stores Regains Compliance With NYSE Listing Criteria

Stage Stores has received notice from the New York Stock Exchange that it has regained compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1 over a consecutive 30 trading-day period.

As of March 29, the company closed the last trading day of the calendar month with a share price above $1 and an average closing share price above $1 over a consecutive 30 trading-day period, which brings the company back into compliance with the NYSE listing standards, the company said.

In January 2019, the company was notified by the NYSE that the average closing price of Stage Stores common stock had fallen below a consecutive 30 trading-day average price of $1 and the company had six months to regain compliance with the NYSE’s minimum share price requirement.

As of April 4, 2019, the company operates in 42 states through 688 Bealls, Goody’s, Palais Royal, Peebles and Stage specialty department stores along with 105 Gordmans off-price stores.