JBDI Trades Higher as Nasdaq Deadline Remains
JBDI Holdings shares rose 4.4% to $0.4901 Thursday, still below Nasdaq’s $1 minimum bid with a July 6 compliance deadline approaching. Shareholders approved a 1-for-2 reverse split last week, giving the board 12 months to act. The company reported $4.1 million in revenue and $198,000 net income for the latest half-year. Trading volume was light at 6,881 shares.