Luby’s regains NYSE compliance after announcing plans to sell business

Luby’s Inc. (NYSE: LUB) has regained compliance with the New York Stock Exchange list standards months after being warned that it could be delisted, according to a recent press release. 

The company was notified of its noncompliance back in April when its 30-day average closing stock price fell below $1 per share, and it had six months to fix the issue.

After markets closed June 3, the company announced it would pursue the sale of its operating divisions and assets. Luby’s will consider selling…