OneSmart Intl. Education Group Ltd. (ONE) shares are rising on Wednesday morning trade. The company said it has received a notification from NYSE that it is below compliance criteria in connection with the trading price of its ADSs.
Once notified, the company had to bring its share price and average share price back above $1.00 within six months.
The company will be considered "below compliance criteria" if the average closing price of the stock as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period.
Currently, shares are at $1.05, up 106.09 percent from the previous close of $0.51 on a volume of 25,411,275. The shares have traded in a range of $0.54-$6.84 on average volume of 523,546 for the last 52-week period.
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