|
Video: What is a Stock Split?
|
|
Guanwei Recycling operates its business through its subsidiary, Fuqing Guanwei Plastic Industry Co. Ltd., (Guanwei). Guanwei is a plastic recycler in China. Guanwei's products are sold to customers in a range of industries including shoe manufacturing, industrial equipment and supplies, and chemical and petrochemical manufacturing. Guanwei manufactures a number of recycled plastic products made from low density polyethylene (LDPE), and also manufacturers recycled LDPE. It is moisture resistant and can withstand continuous temperatures of 175 Fahrenheit, and can withstand temperatures of nearly 200 Fahrenheit for short periods of time. Guanwei also produces four types of LDPE plastic grains. According to our GPRC split history records, GPRC has had 1 split. | |
|
GPRC (GPRC) has 1 split in our GPRC split history database. The split for GPRC took place on December 05, 2012. This was a 1 for 2 reverse split, meaning for each 2 shares of GPRC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as GPRC conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the GPRC split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into GPRC shares, starting with a $10,000 purchase of GPRC, presented on a split-history-adjusted basis factoring in the complete GPRC split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/22/2014 |
|
End date: |
12/06/2016 |
|
Start price/share: |
$2.57 |
|
End price/share: |
$0.01 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-99.61% |
|
Average Annual Total Return: |
-87.90% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$38.91 |
|
Years: |
2.63 |
|
|
|
Date |
Ratio |
12/05/2012 | 1 for 2 |
|
|