CDT Environmental Technology receives Nasdaq minimum bid price notice

SHENZHEN, China - CDT Environmental Technology Investment Holdings Limited (NASDAQ:CDTG), a small-cap environmental services company currently trading at $0.84 with a market capitalization of $12.08 million, has received a notification letter from Nasdaq indicating the company is not in compliance with the minimum bid price requirement, according to a press release statement issued Friday. InvestingPro analysis suggests the stock is currently undervalued, despite facing a challenging year with a 74% decline in share price.

The notification, dated June 18, 2025, was triggered after CDT’s closing bid price remained below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). The stock currently trades at attractive valuation multiples, with a P/E ratio of 4.4 and a price-to-book ratio of 0.32.

The company clarified that the notification does not result in immediate delisting of its securities and has no current effect on the listing or trading of its shares on Nasdaq.

Under Nasdaq Listing Rule 5810(c)(3)(A), CDT has been granted an initial compliance period of 180 calendar days, until December 15, 2025, to regain compliance. The company can achieve this if its closing bid price reaches at least $1.00 for a minimum of 10 consecutive business days during this period.

If CDT fails to meet the requirement by the December deadline, it may be eligible for an additional 180-day compliance period if it meets other continued listing standards and provides written notice to Nasdaq of its intention to address the bid price issue.

CDT stated it is monitoring its share price and considering options to regain compliance before the December deadline. The company confirmed it currently meets all other applicable Nasdaq continued listing standards.

CDT Environmental Technology, headquartered in Shenzhen, China, provides waste treatment systems and services throughout China. The company designs, develops, manufactures, and operates sewage treatment systems. According to InvestingPro, which offers 15+ additional insights about CDTG, the company maintains a FAIR financial health score despite recent market challenges, with liquid assets exceeding short-term obligations.

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