Drill-Bit Stock(redirected from Drill-Bit)
Also found in: Idioms.
A stock with a share price of less than one dollar. The imagery of a drill-bit comes from the days before decimalization, when stocks were quoted in fractions of a dollar; likewise, drill-bits are sized in fractions of an inch. In the present day, a drill-bit stock may be a new company or it may be an old company. A drill-bit stock may be in danger of delisting, depending on the rules of the exchange on which it trades.