SU Group Holdings Ltd. (NASDAQ:SUGP) shares are trending on Friday.
Nasdaq Confirms Compliance
Shares of the Hong Kong-based security services firm jumped 34.77% to $3.74 in after-hours trading on Thursday, after the company announced it has regained compliance with Nasdaq’s listing standards.
The announcement made after the market closed on Thursday stated that SU Group Holdings received written confirmation from The Nasdaq Stock Market LLC that it now meets the minimum bid price requiremen.
The company said that shares will continue trading under the ticker “SUGP” on the Nasdaq Capital Market.
SU Group provides security engineering, guarding, screening and vocational training services in Hong Kong.
Recent Deal
In June, the company entered a distributorship agreement with Germany’s GEZE, a multinational manufacturer of door, window and safety technology for smart buildings.
Latest Private Market Opportunities
Dave Chan, Chairman and CEO, called the agreement “a big win” for the customers.
Trading Metrics, Technical Analysis
SU Group has a market capitalization of $4.47 million, a 52-week high of $55 and a 52-week low of $1.17.
The Relative Strength Index (RSI) of SUGP stands at 50.98.
The stock has dropped 86.26% over the past 12 months.
Currently, SUGP is trading near its 52-week low.
The small-cap stock’s long-term trend and weak market position indicate that it remains under pressure.
Price Action: In the regular session, the stock gained 1.65% to close at $2.78, according to Benzinga Pro data.
Benzinga’s Edge Stock Rankings indicate SUGP stock has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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