Psychemedics Corp (PMD) Stock Split History

Psychemedics Corp has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on June 19, 1996 with the ratio of 34-for-33, meaning that for 33 shares of PMD owned pre-split, shareholders then owned 34 shares. The most recent stock split took place on August 01, 2002 on a 1-for-4 basis.

These actions have increased PMD 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 Psychemedics Corp's total market capitalization.

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

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