Profound Medical Corp (PROF) Stock Split History

Profound Medical Corp has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on April 19, 2012 with the ratio of 24-for-1, meaning that for 1 share of PROF owned pre-split, shareholders then owned 24 shares. 2 more splits have been implemented since then. The most recent stock split took place on October 16, 2019 on a 1-for-10 basis.

These splits have increased PROF 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 Profound Medical Corp's total market capitalization.

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

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