2.8000 0.00 (0.00%)
After hours: 6:54PM EST
|Bid||2.7200 x 900|
|Ask||2.8000 x 1800|
|Day's Range||2.6900 - 3.0000|
|52 Week Range||0.6870 - 6.9600|
|Beta (5Y Monthly)||0.96|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 03, 2018|
|1y Target Est||N/A|
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Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company") announced today that it had terminated a number of employees, including a vice president of the Company, effective on December 2, 2019. The Company took the action to follow the recommendation by the independent audit committee of the board of directors of the Company (the "Board"), after the audit committee conducted the independent investigation which had been previously announced.
Tarena International, Inc. (Nasdaq: TEDU) ("Tarena" or the "Company") announced today that it received written notification from the Staff of the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") dated November 25, 2019, indicating that because the closing bid price of the Company's American Depositary Shares ("ADS") for the last 30 consecutive business days was below US$1.00 per share, the Company no longer meets the minimum bid price requirement for the Nasdaq Global Select Market, set forth in Nasdaq Listing Rule 5450(a)(1). Pursuant to the Nasdaq Listing Rules, the applicable grace period to regain compliance is 180 days, or until May 25, 2020. The Company intends to monitor the closing bid price of its ADS between now and May 25, 2020 and is considering its options, including an adjustment of its ADS-to-Class A ordinary share ratio, in order to regain compliance with the Nasdaq Global Select Market minimum bid price requirement. The Company can cure this deficiency if the closing bid price of its ADS is $1.00 per share or higher for at least ten consecutive business days during the grace period. The Company intends to cure the deficiency within the prescribed grace period.
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