This Week
  • CEO Eric Converse has VirtualScopics on the verge of generating cash.

  • CFO David Klein is leader of the financial team at Constellation Brands.

  • MaeTec Power Inc. began as a part-time operation in 2003.

  • Renovations of buildings downtown are helping to give new life to the center city.

  • Mirror Show Management grabbed the top spot on the 2015 Rochester Top 100.

  • Liz Madison is bringing the farm to doorsteps across Wayne and Monroe counties.

Performance Technologies alerted it may be delisted

Rochester Business Journal
December 28, 2012

Performance Technologies Inc. has been notified by the Nasdaq Stock Market LLC that it no longer meets Nasdaq’s continued listing requirement because the company’s common stock has traded below $1 a share for 30 consecutive business days.

The notification has no immediate effect on the listing of PT’s common stock, which will continue to trade on the Nasdaq Global Market.

The letter states the company has 180 days—until June 25—to regain compliance with the minimum bid price continued listing requirement. To do so the closing bid price of the common stock must equal or exceed $1 a share for a minimum of 10 consecutive business days.

PT shares (NasdaqGM: PTIX) were trading midday at 81 cents, down a penny from Thursday’s close of 82 cents. Its 52-week low was 73 cents, and its high over the past 12 months is $2.60. Its closing price has not been more than $1 since Nov. 8.

 (c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail

What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment


Not registered? Sign up now!

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google