Accuray Faces Nasdaq Delisting Risk as Shares Fall Below $1 Minimum Bid Price
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Accuray Incorporated (ARAY) is at risk of delisting from Nasdaq after its shares fell below the $1 minimum bid price for 30 consecutive business days. The company has a 180-day compliance period to restore the bid price. Failure to do so may lead to trading on over-the-counter markets, reducing liquidity and analyst coverage, which could further depress stock prices and hinder capital raising efforts. Currently, Wall Street holds a consensus rating of Hold on ARAY stock.
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