NYSE Suspending Accuride’s Trading

Commercial vehicle component maker Accuride Corp. said Monday it received notice that its stock will be suspended from trading on the New York Stock Exchange, effective this Wednesday, Nov. 12.

The NYSE said Accuride’s suspension from trading was due to the fact it fell below the exchange’s listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which the NYSE views as a minimum threshold for continued listing.

Accuride said in a statement it does not plan to appeal the suspension and that it anticipates being quoted on the Pink Sheet Electronic Quotation Service, also known as the “pink sheets,” as soon as the NYSE suspends trading.

Accuride last week posted a third-quarter loss of more than $200 million.