Shares of Huttig Building Products were suspended from trading on the New York Stock Exchange, effective Dec. 3, because the company no longer complies with the NYSE’s listing requirements. The St. Louis-based distributor was notified on Dec. 1 that it fell below the minimum market capitalization threshold, which is $25 million over a consecutive 30-day trading period.
Huttig is the second LBM company to fall off the NYSE list since the housing downturn. Building Materials Holding Corp. (BMHC) was dropped by the NYSE on Oct. 29, also for failing to meet market capitalization standards.
In a statement filed with the Securities and Exchange Commission (SEC), Huttig said its common shares began trading on the OTC Bulletin Board on Dec. 3 under the symbol HBPI.