Rocky Mountain Chocolate Factory Inc has split its stock 7 times since its initial public offering (IPO). The first stock split occurred on August 01, 1988 with the ratio of 1-for-3, meaning that for 3 shares of RMCF owned pre-split, shareholders then owned 1 share. 6 more splits have been implemented since then. The most recent stock split took place on July 18, 2007 on a 21-for-20 basis.
These splits have increased RMCF 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 Rocky Mountain Chocolate Factory Inc's total market capitalization.
For more detailed information of Rocky Mountain Chocolate Factory Inc's stock splits, view the table below:
The answer will depend on the decisions of the company's managers and market volatility. Rocky Mountain Chocolate Factory 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 RMCF stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Rocky Mountain Chocolate Factory Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
