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P&F retains NASDAQ listing

A P&F tool from its HyTech line.

A P&F tool from its HyTech line. Credit: P&F

P&F industries Inc., a Melville tool supplier, has satisfied financial requirements to keep its listing on the NASDAQ’s primary stock exchange, the Global Market.

The NASDAQ in September had put P&F on notice that it was in danger of delisting unless it maintained a minimum required $5 million level for a 10-day period.

The company disclosed the news Thursday — that it had maintained that $5 million valuation for the required period — in a public filing with the Securities and Exchange Commission.

In a Nov. 26 letter, "NASDAQ confirmed to the registrant that the matter is now closed," P&F told the SEC.

P&F, which sells hardware and tools primarily to the auto industry and housing sector, had been hit by the economy's effect on car and home sales. Above left is a P&F tool from its HyTech line.

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