LISLE, Ill. -Budget Group Inc. stock has been removed from the New York Stock Exchange.
The company failed to meet listing requirements, which include a minimum closing price of at least $1 per share over 30 days, total market capitalization of more than $50 million and stockholders' equity of not less than $50 million.
Budget stock now trades on the Over The Counter Bulletin Board under the symbol BDGPA. The company traded under the symbol BD on the NYSE.
Budget blamed its financial problems on the weak economy and the Sept. 11 terrorist attacks.
Budget owns Budget Rent a Car Corp., Ryder TRS Inc. and four dealerships.