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Ocean Power Technologies is engaged in providing ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness products, integrated solutions, and consulting services. Co.'s solutions include: Maritime Domain Awareness Solution, which consists of a radar, a stabilized optical and thermal imaging camera, and a vessel Automatic Identification System detection module; Wave Adaptive Modular Vessel, which enables roaming capabilities for uncrewed maritime systems in waters; PB3 PowerBuoy®, which converts hydrokinetic energy of ocean waves into electricity; and Subsea Battery, which provides power supply from its integrated energy storage system. According to our OPTT split history records, Ocean Power Technologies has had 2 splits.
OPTT split history picture
Ocean Power Technologies (OPTT) has 2 splits in our OPTT split history database. The first split for OPTT took place on October 29, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of OPTT 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. OPTT's second split took place on March 12, 2019. This was a 1 for 20 reverse split, meaning for each 20 shares of OPTT owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 5 share position following the split.

When a company such as Ocean Power Technologies 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 OPTT split history from start to finish, an original position size of 1000 shares would have turned into 5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ocean Power Technologies shares, starting with a $10,000 purchase of OPTT, presented on a split-history-adjusted basis factoring in the complete OPTT split history. OPTT split adjusted history picture

Growth of $10,000.00
Without Dividends Reinvested

Start date: 03/19/2014
End date: 03/15/2024
Start price/share: $888.00
End price/share: $0.30
Dividends collected/share: $0.00
Total return: -99.97%
Average Annual Total Return: -55.05%
Starting investment: $10,000.00
Ending investment: $3.37
Years: 10.00
Date Ratio
10/29/20151 for 10
03/12/20191 for 20
OPTT is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: OPTT shares outstanding history

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