Addentax Group Corp (ATXG) Stock Split History

Addentax Group Corp has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on March 05, 2019 with the ratio of 1-for-20, meaning that for 20 shares of ATXG owned pre-split, shareholders then owned 1 share. The most recent stock split took place on June 30, 2023 on a 1-for-10 basis.

These actions have increased ATXG stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Addentax Group Corp's total market capitalization.

For more detailed information of Addentax Group Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Addentax Group Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when ATXG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Addentax Group Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.