The latest update is out from Team Inc. (TISI).
Team, Inc. has fallen out of compliance with the New York Stock Exchange’s listing standards due to its market capitalization and shareholders’ equity dipping below the required thresholds. The company is actively working on a plan to rectify the situation within a 12-month period, and has been granted a 45-day window to present this plan to the NYSE. While they develop corrective measures, Team, Inc.’s stock continues to trade normally, and they face no immediate consequences concerning their debt agreements. However, the company cautions that there’s no guarantee they will successfully meet the compliance criteria within the allotted timeframe.
For detailed information about TISI stock, go to TipRanks’ Stock Analysis page.
