|
Video: What is a Stock Split?
|
|
MMTec is a holding company. Through its subsidiaries, Co. provides technology services and solutions to the Chinese language speaking hedge funds, mutual funds, registered investment advisors, proprietary trading groups, and brokerage firms. Co. provides support for Securities Dealers Trading System (securities registration and clearing, account management, risk management, quick trading and execution, and third party access middleware), Private Fund Investment Management System (multi-account management, fund valuation, risk management, quantitative trading access, liquidation and requisition management) and Mobile Transaction Individual Client System and PC Client System. According to our MTC split history records, MMTec has had 1 split. | |
|
MMTec (MTC) has 1 split in our MTC split history database. The split for MTC took place on July 13, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of MTC 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 MMTec 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 MTC 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 MMTec shares, starting with a $10,000 purchase of MTC, presented on a split-history-adjusted basis factoring in the complete MTC split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
01/10/2019 |
|
End date: |
04/18/2024 |
|
Start price/share: |
$72.30 |
|
End price/share: |
$1.70 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-97.65% |
|
Average Annual Total Return: |
-50.91% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$235.05 |
|
Years: |
5.27 |
|
|
|
Date |
Ratio |
07/13/2022 | 1 for 10 |
|
|