Molecular Templates Inc (MTEM) Stock Split History

Molecular Templates Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on August 20, 2008 with the ratio of 1-for-6, meaning that for 6 shares of MTEM owned pre-split, shareholders then owned 1 share. 2 more splits have been implemented since then. The most recent stock split took place on August 14, 2023 on a 1-for-15 basis.

These splits have increased MTEM 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 Molecular Templates Inc's total market capitalization.

For more detailed information of Molecular Templates Inc's stock splits, view the table below:

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