LISLE, Ill. -- The New York Stock Exchange has suspended trading of Budget Group's common stock because of the company's failure to meet the exchange's minimum share price and market capitalization criteria.
Budget has failed to meet requirements for a minimum closing share price of at least $1 per share over a 30-day period, a total market capitalization of at least $50 million, and stockholders' equity of at least $50 million.
Budget is now trading on the over-the-counter bulletin board under the ticker symbol BDGPA.
In a released statement, Budget Group cited the weak economy and Sept. 11 terrorist attacks in explaining its failure to meet the share price and market capitalization criteria.
The company said the move to the over-the-counter bulletin board will not affect its normal business operations.