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SOUTHFIELD, Mich. - Superior Industries International, Inc. (NYSE:SUP), an aluminum wheel supplier, announced it received a notice from the New York Stock Exchange on June 17, 2025, regarding non-compliance with continued listing standards. The company’s stock has fallen over 90% in the past year, with its market capitalization now at just $9.46 million despite generating annual revenues exceeding $1.2 billion.
The NYSE notification, issued under Section 802.01C of the NYSE Listed Company Manual, states that Superior’s common stock has traded below the required $1.00 per share threshold over a consecutive 30-trading day period. According to InvestingPro data, the stock currently trades at $0.33, significantly below its 52-week high of $3.66.
The company now has a six-month cure period to regain compliance with the minimum share price requirement. To meet the standard, Superior’s stock must achieve a closing price of at least $1.00 per share on the last trading day of any calendar month during this period, and maintain an average closing price of at least $1.00 over the 30 trading days ending on that day. InvestingPro analysis indicates the stock is currently undervalued, with 12 additional exclusive insights available to subscribers.
During the compliance period, Superior’s shares will continue to trade on the NYSE, provided the company meets other listing requirements. The non-compliance status does not affect Superior’s business operations or SEC reporting obligations.
Superior Industries, headquartered in Southfield, Michigan, describes itself as a manufacturer of aluminum wheels that serves both automotive manufacturers and the European aftermarket. The information in this article is based on a company press release statement.
In other recent news, Superior Industries International has been notified by the New York Stock Exchange about its non-compliance with market capitalization and stockholders’ equity requirements. The company’s average market capitalization fell below the NYSE’s minimum threshold, and its stockholders’ equity showed a significant deficit. In response, Superior Industries must submit a business plan to address these issues. Additionally, Moody’s Ratings downgraded Superior Industries’ corporate family rating to Caa3 due to expectations of a distressed exchange and liquidity concerns. Similarly, S&P Global Ratings downgraded the company’s credit rating to ’CC’, citing potential debt restructuring due to volume losses with key North American customers. Superior Industries is in discussions to exchange debt for equity to alleviate financial distress. The company has also expanded its Board of Directors, appointing Keshav Lall as a new independent director. Furthermore, stockholders approved an amendment to the 2018 Equity Incentive Plan, increasing the number of shares authorized for issuance.
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