[StickyRibbs]

Stock splits can also be used for companies with values too low (A reverse split) . These companies split to increase the value of stocks in order to prevent delisting from exchanges.

[abfan1127]

wouldn't a split lower the value of the share price, making it closer to a "penny stock"?

[chrishas35]

It's commonly called a reverse split.

[jedberg]

That's a reverse split. Take the price ie from 10 cents to $1 by doing a 1 for 10 reverse split.