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Video: What is a Stock Split?
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Healthcare Triangle is a healthcare information technology company focused on developing solutions in the sectors of cloud services, data science, and personnel and managed services for the healthcare and Life Sciences industry. Co. provides two proprietary software platforms, CloudEz and DataEz, for cloud transformation, automation, data management, security and data governance, and clinical and non-clinical operations management. Co.'s healthcare IT services include Electronic Health Records and software implementation, optimization, extension to community partners, as well as application managed services, and backup and disaster recovery capabilities on public cloud. According to our HCTI split history records, Healthcare Triangle has had 1 split. | |
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Healthcare Triangle (HCTI) has 1 split in our HCTI split history database. The split for HCTI took place on May 26, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of HCTI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as Healthcare Triangle 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 HCTI split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Healthcare Triangle shares, starting with a $10,000 purchase of HCTI, presented on a split-history-adjusted basis factoring in the complete HCTI split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
10/13/2021 |
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End date: |
04/29/2024 |
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Start price/share: |
$35.90 |
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End price/share: |
$1.20 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.65% |
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Average Annual Total Return: |
-73.68% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$334.59 |
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Years: |
2.55 |
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Date |
Ratio |
05/26/2023 | 1 for 10 |
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