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Video: What is a Stock Split?
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Hanwha Q Cells is engaged in the manufacture of photovoltaic ("PV") modules, PV cells, silicon ingots and silicon wafers. Substantially all of the ingots, wafers and PV cells Co. produces are used for its own PV module production. Co. is also engaged in PV downstream business by developing solar power projects and providing engineering, procurement and construction services and operation and management services. A PV module is an assembly of PV cells that have been electrically interconnected and laminated in a durable and weather-proof package. Co. sells a wide range of PV modules, ranging from 260 watts ("W") to 355 W in power output specification. According to our HQCL split history records, HQCL has had 1 split. | |
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HQCL (HQCL) has 1 split in our HQCL split history database. The split for HQCL took place on June 15, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of HQCL 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 HQCL 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 HQCL 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 HQCL shares, starting with a $10,000 purchase of HQCL, presented on a split-history-adjusted basis factoring in the complete HQCL split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
01/16/2019 |
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Start price/share: |
$26.20 |
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End price/share: |
$9.83 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-62.48% |
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Average Annual Total Return: |
-18.75% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$3,752.47 |
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Years: |
4.72 |
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Date |
Ratio |
06/15/2015 | 1 for 10 |
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