NMS Communications Corp. of Framingham announced that it has received notice from the Nasdaq that it is out of compliance with the stock market’s rules.
The notice said that the minimum bid price of the company’s stock fell below $1 for 30 straight business days. NMS has 180 days, until Feb. 17, 2009, to regain compliance. To do so, it must keep its stock above $1 for at least 10 straight days. Nasdaq can choose to increase the required period.
NMS said it will try to regain compliance, and it will continue trading on the Nasdaq Global Market for now.
