Trading in Syncora Holdings Ltd.'s common stock was suspended by the New York Stock Exchange today after the company failed to remain in compliance with the exchange's standards for trading for more than 30 days.
In a statement, the company said that trading in the Hamilton, Bermuda-based guaranty insurer (ticker symbol SCA) was suspended because the company's average market capitalization and stockholders' equity was less than $75 million over 30 trading days.
In addition, the company stock again fell below the exchange's standard for average share price over a consecutive 30-trading-day period of not less than $1.00.
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