Pier 1 regains compliance with NYSE listing standards

Fort Worth, Texas Pier 1 Imports has announced it is no longer out of compliance with New York Stock Exchange trading regulations.

The company had been in danger of being delisted from the exchange because of its low trading price, after shares fell below $1 in mid-November.

But the retailer said late Monday that it was notified that its average stock price for 30 trading days ending April 30 was above the required threshold.