A123 Receives Delisting Notice

Reuters reported A123 Systems Inc (NASDAQ:AONE) said it received a delisting notice from the Nasdaq to get its stock price above $1 in the next 6 months.

As quoted in the market news:

A123′s shares, which have dropped more than 90 percent since touching a year-high in September last year, closed at a lifetime-low of 37 cents on the Nasdaq on Wednesday.

Weak demand for electric cars in the United States have hit the advanced car battery industry in recent times.

Click here to read the full Reuters report.