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IEC Electronics Corp. has regained compliance with the listing requirements of the New York Stock Exchange, the Newark, Wayne County, firm announced Thursday.
The company received a letter dated July 9 from the New York Stock Exchange Regulation noting IEC had resolved its listing deficiency issues.
On May 20, IEC had received notice it did not satisfy continued listing requirements because of its failure to file timely its quarterly report for the quarter ended March 29. IEC submitted a plan of compliance to NYSE on May 31.
The news had a positve impact on IEC stock.
Shares of IEC (NYSE MKT: IEC) were trading midday at $3.51, up more than 10 percent from its Wednesday close of $3.18.
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