SU Group shares surge 36.22% in premarket after Nasdaq compliance restored

SU Group Holdings Ltd. shares rose 36.22% to $3.78 in Friday premarket trading after the Hong Kong-based security-services company confirmed that Nasdaq had restored its compliance with the minimum bid price requirement. The company said The Nasdaq Stock Market LLC provided written confirmation that it meets Listing Rule 5550(a)(2), removing the immediate risk of delisting and allowing its Class A ordinary shares to continue trading on the Nasdaq Capital Market under the ticker "SUGP." SU Group operates through security-related engineering services and security guarding, screening and related vocational training services, with most revenue generated by engineering activities and the business primarily tied to Hong Kong. In June, it signed a distributorship agreement with Germany's GEZE for door, window and safety technology used in smart buildings. The shares had gained 34.77% to $3.74 in Thursday after-hours trading, following a 1.65% regular-session advance to $2.78. The company has a market capitalization of $4.47 million, a 52-week range of $1.17 to $55, an RSI of 50.98 and an 86.26% decline over the previous 12 months.

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