Nasdaq places another restriction on First Place Financial Corp.

WARREN

The Nasdaq Stock Market has placed yet another restriction on Warren-based First Place Financial Corp., this time regarding its stock price, which has not topped $1 per share for the last 30 business days.

That violates Nasdaq’s minimum bid price required for continued listing. First Place will continue to appear on the Nasdaq, but must maintain a closing bid price of at least $1 per share for at least 10 consecutive business days sometime before Feb. 12, 2012.

Shares of First Place stock rose 2 cents Tuesday and closed at 73 cents per share. It had traded as low as 55 cents per share back on Aug. 19.

July 13 was the last time First Place shares met the minimum bid requirement; that day, shares closed at $1 each.