Mar 29, 2019
1:25
For every 25 shares held, investors received 1. The price per share adjusted from $0.50 to $12.50.
The split itself did not change the total investment value.
Hovnanian Enterprises, Inc. (OTC:HOVVB) operates in the Homebuilding industry.
Hovnanian Enterprises, Inc. company overviewHovnanian Enterprises, Inc.'s most recent stock split was on March 29, 2019. It was a 1-for-25 reverse split, so shareholders received 1 share for every 25 they held.
Hovnanian Enterprises, Inc. (OTC:HOVVB) has split its stock 2 times: a 2-for-1 split on April 21, 2004 and a 1-for-25 reverse split on March 29, 2019.
Hovnanian Enterprises, Inc. has split its stock 2 times. This history records 2 splits between April 21, 2004 and March 29, 2019.
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 Hovnanian Enterprises, Inc.'s 1-for-25 reverse split on March 29, 2019, every 25 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.
Hovnanian Enterprises, Inc. has not announced a new split in our records. Its most recent split was on March 29, 2019, 7 years ago. Companies announce splits in advance, and any new OTC:HOVVB split will appear on this page.