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SINGAPORE - High-Trend International Group (NASDAQ:HTCO), a global ocean technology company, has regained compliance with Nasdaq’s minimum bid price requirement, according to a notification from the Nasdaq Stock Market’s Listing Qualifications Department. The company’s stock, currently trading at $8.16, has shown remarkable resilience with a 27% gain over the past week, according to InvestingPro data.
The company had previously been notified on June 27, 2025, that it was not in compliance with Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. At that time, High-Trend’s ordinary shares had traded below the threshold for more than 30 consecutive business days.
Under Nasdaq regulations, the company was given a 180-day compliance period until December 24, 2025, to meet the requirement. However, High-Trend achieved compliance earlier than the deadline.
Nasdaq confirmed to the company on August 22 that for ten consecutive business days, from August 8 to August 21, 2025, the closing bid price of High-Trend’s ordinary shares had remained at $1.00 per share or higher. As a result, the company has satisfied the listing requirement and the matter is now closed.
High-Trend International Group is listed on the Nasdaq under the ticker symbol HTCO, with a current market capitalization of $35.63 million. The information in this article is based on a press release statement from the company. According to InvestingPro, which offers 13 additional investment tips for HTCO, the stock is currently trading below its Fair Value.
In other recent news, High-Trend International Group has reported a substantial increase in revenue for the first half of 2025. The company announced a 185.2% surge in total revenue, reaching $99.4 million, compared to $34.9 million in the same period the previous year. This growth was primarily driven by its core ocean freight business, which saw a significant 198.1% increase in revenue, totaling $99.0 million. Additionally, the company noted a remarkable rise in voyage days for ocean freight, which increased by 258.9% to 3,420 days from 953 days. These developments highlight the company’s strong performance in the first half of the year.
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