Split History
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Orbit International operates in two industry segments. Co.'s Electronics Group is comprised of its Orbit Instrument Division (Orbit Instrument) and its TDL Development Laboratory, Inc. (TDL) and Integrated Consulting Services, Inc. (ICS) subsidiaries. Orbit Instrument and TDL are engaged in the design and manufacture of electronic components and subsystems. ICS performs system integration for gun weapons systems and fire control interface, cable and harness assembly, as well as logistics support and documentation. Co.'s Power Group is comprised of its Behlman Electronics, Inc. subsidiary, which is engaged in the design and manufacture of commercial power units. According to our ORBT split history records, ORBT has had 3 splits.
ORBT split history picture
ORBT (ORBT) has 3 splits in our ORBT split history database. The first split for ORBT took place on October 04, 1999. This was a 1 for 3 reverse split, meaning for each 3 shares of ORBT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split. ORBT's second split took place on September 02, 2003. This was a 125 for 100 split, meaning for each 100 shares of ORBT owned pre-split, the shareholder now owned 125 shares. For example, a 333.333333333333 share position pre-split, became a 416.666666666667 share position following the split. ORBT's third split took place on August 01, 2005. This was a 5 for 4 split, meaning for each 4 shares of ORBT owned pre-split, the shareholder now owned 5 shares. For example, a 416.666666666667 share position pre-split, became a 520.833333333333 share position following the split.

When a company such as ORBT 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. When a company such as ORBT 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 ORBT split history from start to finish, an original position size of 1000 shares would have turned into 520.833333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ORBT shares, starting with a $10,000 purchase of ORBT, presented on a split-history-adjusted basis factoring in the complete ORBT split history. ORBT split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 07/20/2009
End date: 07/19/2019
Start price/share: $2.78
End price/share: $5.90
Starting shares: 3,597.12
Ending shares: 3,640.95
Dividends reinvested/share: $0.07
Total return: 114.82%
Average Annual Total Return: 7.94%
Starting investment: $10,000.00
Ending investment: $21,474.10
Years: 10.00
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 07/20/2009
End date: 07/19/2019
Start price/share: $2.78
End price/share: $5.90
Dividends collected/share: $0.07
Total return: 114.75%
Average Annual Total Return: 7.94%
Starting investment: $10,000.00
Ending investment: $21,474.10
Years: 10.00
Date Ratio
10/04/19991 for 3
09/02/2003125 for 100
08/01/20055 for 4
ORBT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:

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