Danaos Corporation has been put on notice by the New York Stock Exchange.
After its shares closed at $0.90 Friday, the Greek boxship owner announced that it had received notice from the stock exchange that it was out of compliance with its $1 per share minimum price rule.
The company has six months to get its shares back over $1 and close at an average of $1 for a 30-day period.
Danaos shares first fell under $1 on 7 December, having traded as high as $2.50 over the summer.
After spending most of 2017 in the red, the John Coustas-led company returned to profitability in the fourth quarter and posting a profit of $171.9m in the third quarter of 2018.
In November, it least a pair of ships to Hapag-Lloyd.
