MRV Communications Plans 2-for-1 Stock Split

MRV Communications Inc., whose stock has been rising dramatically, said that its board of directors has approved a 2-for-1 stock split.

This comes only a month after the Chatsworth company split its stock 3 shares for 2. MRV, which makes semiconductor laser diodes and other equipment for computer networking and fiber optic communications, has been a heavily touted stock. MRV’s stock has traded recently above $75 a share, compared to a low of $7.25 in the past year.

The company’s shareholders will be asked to approve the stock split at its annual meeting on July 10.

If the latest split goes ahead, MRV will have 19.2 million shares of common stock outstanding.