Jun 24, 2016
1:500
For every 500 shares held, investors received 1. The price per share adjusted from $0.00 to $0.05.
The split itself did not change the total investment value.
Universal Apparel & Textile Company (OTC:DKGR) operates in the Apparel/Footwear retail industry.
Universal Apparel & Textile Company company overviewUniversal Apparel & Textile Company's most recent stock split was on June 24, 2016. It was a 1-for-500 reverse split, so shareholders received 1 share for every 500 they held.
Universal Apparel & Textile Company (OTC:DKGR) has split its stock 8 times: a 1-for-500 reverse split on March 11, 1998, a 3-for-1 split on June 21, 1999, a 1-for-100 reverse split on February 4, 2002, a 10-for-1 split on April 21, 2003, a 10-for-1 split on November 6, 2003, a 1-for-100 reverse split on February 1, 2005, a 10-for-1 split on December 21, 2005, and a 1-for-500 reverse split on June 24, 2016.
Universal Apparel & Textile Company has split its stock 8 times. This history records 8 splits between March 11, 1998 and June 24, 2016.
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 Universal Apparel & Textile Company's 1-for-500 reverse split on June 24, 2016, every 500 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Universal Apparel & Textile Company has not announced a new split in our records. Its most recent split was on June 24, 2016, 10 years ago. Companies announce splits in advance, and any new OTC:DKGR split will appear on this page.