Jun 11, 2001
3:4
For every 4 shares held, investors received 3. The price per share adjusted from $0.95 to $1.27.
The split itself did not change the total investment value.
ELECTRIC & GAS TECHNOLOGY (OTC:ELGT) operates in the Industrial machinery industry.
ELECTRIC & GAS TECHNOLOGY company overviewELECTRIC & GAS TECHNOLOGY's most recent stock split was on June 11, 2001. It was a 3-for-4 reverse split, so shareholders received 3 shares for every 4 they held.
ELECTRIC & GAS TECHNOLOGY has split its stock once. This history records one reverse split, on June 11, 2001.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In ELECTRIC & GAS TECHNOLOGY's 3-for-4 reverse split on June 11, 2001, every 4 shares became 3 shares. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
ELECTRIC & GAS TECHNOLOGY has not announced a new split in our records. Its most recent split was on June 11, 2001, 25 years ago. Companies announce splits in advance, and any new OTC:ELGT split will appear on this page.