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QD - Qudian regains compliance with NYSE minimum price requirement
Qudian Inc. American Depositary Shares each representing one Class A
Qudian ( NYSE: QD ) has regained compliance with the New York Stock Exchange's continued listing standard for share prices.
The company received a notification letter from the NYSE on February 1, 2023.
On September 22, 2022, the company received a notice of non-compliance as the average closing price of its American depositary shares had fallen below $1.00 over a period of 30 consecutive trading days.
Looking at the stock action, QD is up 2.5% in premarket session and currently trading at $1.22. Over a period of one year, shares have grown around 28%.