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IT Tech Packaging is a holding company. Through its subsidiaries, Co. is engaged in the production and distribution of three categories of paper products: corrugating medium paper (CMP), offset printing paper and tissue paper products. CMP is used in the manufacturing of cardboards. Offset printing paper is used for offset printing in the publishing industry. Co. processes base tissue paper purchased from long-term cooperative third party and produces finished tissue paper products, including toilet paper, boxed and soft-packed tissues, handkerchief tissues and paper napkins, as well as bathroom and kitchen paper towels that are marketed and sold under the Dongfang Paper brand. According to our ITP split history records, IT Tech Packaging has had 2 splits.
ITP split history picture
IT Tech Packaging (ITP) has 2 splits in our ITP split history database. The first split for ITP took place on June 14, 1996. This was a 2 for 1 split, meaning for each share of ITP 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. ITP's second split took place on July 08, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of ITP owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 200 share position following the split.

When a company such as IT Tech Packaging 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. When a company such as IT Tech Packaging 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 ITP split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into IT Tech Packaging shares, starting with a $10,000 purchase of ITP, presented on a split-history-adjusted basis factoring in the complete ITP split history. ITP split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 10/04/2012
End date: 09/30/2022
Start price/share: $20.60
End price/share: $0.78
Starting shares: 485.44
Ending shares: 493.42
Dividends reinvested/share: $0.31
Total return: -96.15%
Average Annual Total Return: -27.81%
Starting investment: $10,000.00
Ending investment: $385.08
Years: 9.99
Growth of $10,000.00
Without Dividends Reinvested

Start date: 10/04/2012
End date: 09/30/2022
Start price/share: $20.60
End price/share: $0.78
Dividends collected/share: $0.31
Total return: -94.71%
Average Annual Total Return: -25.48%
Starting investment: $10,000.00
Ending investment: $528.97
Years: 9.99
Date Ratio
06/14/19962 for 1
07/08/20221 for 10
ITP is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:

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