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Video: What is a Stock Split?
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Brooklyn ImmunoTherapeutics provides interactive entertainment and technology to its partners in a range of verticals - from bars and restaurants to casinos and senior living centers. Co.'s principal product and service is its interactive entertainment system that provides trivia, card, sports and arcade games through an extended network platform. Generally, as part of the subscription to its platform, Co. provides the equipment for the platform to network subscribers, though Co. has also leased such equipment to certain network subscribers. Co. licenses its content to customers to be installed on equipment they obtain from other parties. According to our NTN split history records, NTN has had 1 split. | |
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NTN (NTN) has 1 split in our NTN split history database. The split for NTN took place on June 17, 2016. This was a 1 for 50 reverse split, meaning for each 50 shares of NTN owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split.
When a company such as NTN 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 NTN split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NTN shares, starting with a $10,000 purchase of NTN, presented on a split-history-adjusted basis factoring in the complete NTN split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
03/25/2021 |
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Start price/share: |
$33.00 |
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End price/share: |
$2.70 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-91.82% |
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Average Annual Total Return: |
-30.32% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$818.34 |
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Years: |
6.93 |
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Date |
Ratio |
06/17/2016 | 1 for 50 |
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