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Video: What is a Stock Split?
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Integrated Media Technology is an investment holding company. Through its subsidiaries, Co. is engaged in the business of glasses-free 3D (also known as autostereoscopic 3D) display, the manufacture and sale of nano-coated plates for filters, the sale of electronic glass, Internet of Things products and financial research. According to our IMTE split history records, Integrated Media Technology has had 2 splits. | |
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Integrated Media Technology (IMTE) has 2 splits in our IMTE split history database. The first split for IMTE took place on August 11, 2000. This was a 1 for 7 reverse split, meaning for each 7 shares of IMTE owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 142.857142857143 share position following the split. IMTE's second split took place on October 17, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of IMTE owned pre-split, the shareholder now owned 1 share. For example, a 142.857142857143 share position pre-split, became a 14.2857142857143 share position following the split.
When a company such as Integrated Media Technology 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 IMTE split history from start to finish, an original position size of 1000 shares would have turned into 14.2857142857143 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Integrated Media Technology shares, starting with a $10,000 purchase of IMTE, presented on a split-history-adjusted basis factoring in the complete IMTE split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
08/14/2017 |
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End date: |
04/24/2024 |
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Start price/share: |
$65.00 |
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End price/share: |
$1.98 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.96% |
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Average Annual Total Return: |
-40.64% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$303.89 |
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Years: |
6.70 |
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Date |
Ratio |
08/11/2000 | 1 for 7 | 10/17/2023 | 1 for 10 |
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