TOUR - Tuniu tumbles back into Nasdaq non-compliance territory

Tuniu Corporation ( NASDAQ: TOUR ) fell back below the $1 mark on Monday amid a steep selloff for the stock.

Shares of the Chinese online leisure and travel company fell 23.28% in afternoon trading on Monday, falling to an intraday low of $0.86. The loss on the day gave up much of the gains marked by the name in July as hopes of easing restrictions in China rocketed the stock over 100% higher in the month.

Though, perhaps more importantly, the stock dipped back below the $1 price required by the Nasdaq for listing.

The company had only regained compliance in mid-July during its swift rally after receiving a delisting warning in April. If shares trend at current levels or lower for 30 days, the company could again find itself in non-compliance with Nasdaq requirements.

Read more on Monday’s midday movers .

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