NYSE warns Ditech's parent Walter its stock may be delisted
Walter Investment Management Corp.'s market capitalization levels are short of the New York Stock Exchange's requirements for continued listing, the company disclosed Wednesday.
Walter's stock fell below the requirements because its average market capitalization was less than $50 million over a consecutive 30-trading-day period, after the previous period was also below the threshold, according to a regulatory filing.
The NYSE previously warned Walter that its average closing price was considered below compliance standards because it fell under $1 over a consecutive 30-trading-day period.
Walter "intends to take steps to remedy the listing deficiencies in a timely manner; however, no assurance can be given that the company will be able to regain compliance with the applicable listing standards," according to the regulatory filing.