Magnetek Inc. said it got notice from the New York Stock Exchange that because its market capitalization was below $75 million for more than 30 consecutive trading days, it would be de-listed from the exchange.

The Chatsworth-based manufacturer of digital power products hasn’t seen a profitable year since 2002 and is currently riding a streak of five straight quarters in the red.

Magnetek now has 45 days to submit a business plan outlining how it will regain compliance, according to exchange rules. In the meantime, the company’s stock symbol will be changed to “MAG.BC” from “MAG.” Since hitting $4 a share in May, the stock has since hovered between $2 and $2.50 a share.