Insteel Industries, Inc. (IIIN) Stock Split History

Insteel Industries, Inc. has split its stock 9 times since its initial public offering (IPO). The first stock split occurred on March 05, 1986 with the ratio of 3-for-2, meaning that for 2 shares of IIIN owned pre-split, shareholders then owned 3 shares. 8 more splits have been implemented since then. The most recent stock split took place on June 19, 2006 on a 2-for-1 basis.

These splits have increased IIIN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Insteel Industries, Inc.'s total market capitalization.

For more detailed information of Insteel Industries, Inc.'s stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Insteel Industries, Inc. 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 IIIN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Insteel Industries, Inc.'s board of directors. Typically, no action is taken until its price per share reaches a specific threshold.