Luby’s receives PPP loan, delisting warning

Houston-based restaurant company Luby’s Inc. (NYSE: LUB) is at risk of being delisted from the New York Stock Exchange because its stock price is too low.

The company, which was working on turnaround efforts long before the Covid-19 coronavirus pandemic hit, received a notice from the NYSE that its 30-day average closing stock price had fallen below the $1 minimum required to continue listing.

Luby’s has six months to regain compliance and is reviewing all available operations to do so, according…