Split History
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Lannett Company and its subsidiaries develop, manufacture, market, and distribute generic versions of brand pharmaceutical products. Co. manufactures and distributes solid oral and extended release (tablets and capsules), topical, nasal, and oral solution finished dosage forms of drugs. Co.'s key products include: Levothyroxine Sodium tablets for the treatment of thyroid deficiency; Fluphenazine tablets for the treatment of schizophrenia; Digoxin tablets to treat congestive heart failure; and Metoprolol Succinate ER Tablets, which is used to treat angina and hypertension; and Omeprazole Capsules, which is indicated for heartburn or irritation caused by gastroesophageal reflux disease. According to our LCI split history records, Lannett has had 1 split.
LCI split history picture
Lannett (LCI) has 1 split in our LCI split history database. The split for LCI took place on March 03, 2003. This was a 3 for 2 split, meaning for each 2 shares of LCI owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.

When a company such as Lannett 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. Looking at the LCI split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Lannett shares, starting with a $10,000 purchase of LCI, presented on a split-history-adjusted basis factoring in the complete LCI split history. LCI split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/20/2009
End date: 01/16/2019
Start price/share: $4.60
End price/share: $7.53
Dividends collected/share: $0.00
Total return: 63.70%
Average Annual Total Return: 5.05%
Starting investment: $10,000.00
Ending investment: $16,362.26
Years: 9.99
Date Ratio
03/03/20033 for 2
LCI is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: LCI shares outstanding history

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