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RadioShack not compliant with NYSE

Adam Jeffery | CNBC

The New York Stock Exchange notified RadioShack on Friday that it is no longer compliant with its requirements because the average closing price of its stock has fallen below $1 for 30-straight trading days.

The retailer's shares will continue trading on the exchange, and it has six months to regain compliance with the NYSE's requirements.

To become complaint, RadioShack shares must have a closing price of at least $1 on the last trading day of any month. They must also have an average closing price of at least $1 over the 30-day period.

Read MoreTime to say RIP RadioShack; Is Best Buy next?

In the most recent quarter, the electronics chain reported its ninth-straight quarterly loss. It plans to shutter 200 stores a year for the next three years—fewer than the 1,100 store closings it announced in March after failing to negotiate favorable terms with lenders.

—By CNBC Staff and Reuters

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