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Video: What is a Stock Split?
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Matrix Service provides engineering, fabrication, construction, and maintenance services to support energy infrastructure and industrial markets. Co.'s segments are: Storage and Terminal Solutions, which primarily consists of engineering, procurement, fabrication, and construction services related to cryogenic and other specialty tanks and terminals; Utility and Power Infrastructure, which primarily consists of engineering, procurement, fabrication, and construction services to support LNG utility peak shaving facilities; and Process and Industrial Facilities, which primarily consists of plant maintenance, repair, and turnarounds in the downstream and midstream markets for energy clients. According to our MTRX split history records, Matrix Service has had 1 split. | |
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Matrix Service (MTRX) has 1 split in our MTRX split history database. The split for MTRX took place on November 24, 2003. This was a 2 for 1 split, meaning for each share of MTRX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Matrix Service splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MTRX split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Matrix Service shares, starting with a $10,000 purchase of MTRX, presented on a split-history-adjusted basis factoring in the complete MTRX split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$33.78 |
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End price/share: |
$13.37 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-60.42% |
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Average Annual Total Return: |
-8.85% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,959.83 |
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Years: |
10.00 |
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Date |
Ratio |
11/24/2003 | 2 for 1 |
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