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8 Penny Stocks Get Delisting Warning

TeamStaff (TSTF)

Closing Price: 50 cents (June 29)

Six-Month Stock Performance: -32.9%

Received Nasdaq Notice: June 1

Management's Expected Action: The Nasdaq has provided the staffing services company with 180 calendar days, or until Nov. 29, to regain compliance with the bid price rule. TeamStaff said it is "considering alternatives to address compliance with the continued listing standards" but didn't mention the options it was looking at. Shares of TeamStaff traded near $2 in the past 12 months, but now sit at a 52-week low. In November, the stock listing was transferred to the Nasdaq Capital Market from the Nasdaq Global Market after TeamStaff failed to maintain a minimum market value of $5 million, as required by the exchange. This came as then-CEO Rick Filippelli announced his resignation from TeamStaff, citing "the company's strategic shift in its current business plan."

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