Avid Bioservices Inc (CDMO) Stock Split History

Avid Bioservices Inc has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on October 19, 2009 with the ratio of 1-for-5, meaning that for 5 shares of CDMO owned pre-split, shareholders then owned 1 share. The most recent stock split took place on July 10, 2017 on a 1-for-7 basis.

These actions have increased CDMO 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 Avid Bioservices Inc's total market capitalization.

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

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