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Video: What is a Stock Split?
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Centrus Energy is a supplier of nuclear fuel and services for the nuclear power industry. Co. operates two business segments: low-enriched uranium (LEU), which supplies various components of nuclear fuel to utilities; and technical solutions, which provides engineering, design, and manufacturing services to government and private sector customers. Co.'s LEU business involves the sale of enriched uranium for nuclear fuel to customers that are primarily utilities which operate commercial nuclear power plants. LEU is a component in the production of nuclear fuel for reactors that produce electricity. Co. supplies LEU to both domestic and international utilities for use in nuclear reactors. According to our LEU split history records, Centrus Energy has had 1 split. | |
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Centrus Energy (LEU) has 1 split in our LEU split history database. The split for LEU took place on September 30, 2014. This was a 91 for 1000 reverse split, meaning for each 1000 shares of LEU owned pre-split, the shareholder now owned 91 shares. For example, a 1000 share position pre-split, became a 91 share position following the split.
When a company such as Centrus Energy 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 LEU split history from start to finish, an original position size of 1000 shares would have turned into 91 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Centrus Energy shares, starting with a $10,000 purchase of LEU, presented on a split-history-adjusted basis factoring in the complete LEU split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$44.18 |
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End price/share: |
$41.07 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-7.04% |
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Average Annual Total Return: |
-0.73% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$9,293.71 |
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Years: |
10.00 |
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Date |
Ratio |
09/30/2014 | 91 for 1000 |
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