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Psychemedics provides testing services for the detection of drugs of abuse through the analysis of hair samples. Co.'s testing methods utilize a technology that digests the hair and releases drugs trapped in the hair without destroying the drugs. Co. provides screening and confirmation by mass spectrometry for cocaine, marijuana, PCP, amphetamines (including ecstasy, eve and Adderall®), opiates (including heroin, hydrocodone, hydromorphone, oxycodone, oxymorphone and codeine), synthetic cannabinoids (including K2, Spice, Blaze), benzodiazepines (Xanax®, Valium®, and Ativan®), nicotine and Fentanyl. According to our PMD split history records, Psychemedics has had 2 splits.
PMD split history picture
Psychemedics (PMD) has 2 splits in our PMD split history database. The first split for PMD took place on August 01, 2002. This was a 1 for 4 reverse split, meaning for each 4 shares of PMD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. PMD's second split took place on June 19, 1996. This was a 103 for 100 split, meaning for each 100 shares of PMD owned pre-split, the shareholder now owned 103 shares. For example, a 250 share position pre-split, became a 257.5 share position following the split.

When a company such as Psychemedics 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 Psychemedics 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 PMD split history from start to finish, an original position size of 1000 shares would have turned into 257.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Psychemedics shares, starting with a $10,000 purchase of PMD, presented on a split-history-adjusted basis factoring in the complete PMD split history. PMD split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $14.70
End price/share: $2.69
Starting shares: 680.27
Ending shares: 942.36
Dividends reinvested/share: $4.09
Total return: -74.65%
Average Annual Total Return: -12.83%
Starting investment: $10,000.00
Ending investment: $2,535.11
Years: 9.99
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/28/2014
End date: 05/23/2024
Start price/share: $14.70
End price/share: $2.69
Dividends collected/share: $4.09
Total return: -53.88%
Average Annual Total Return: -7.45%
Starting investment: $10,000.00
Ending investment: $4,612.63
Years: 9.99
Date Ratio
08/01/20021 for 4
06/19/1996103 for 100
PMD is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:

PPHM Split History
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PRGO Split History
PRPO Split History
PRSN Split History
PRTK Split History
PRXL Split History
PSTI Split History
PTIE Split History
PTN Split History

Also explore: PMD shares outstanding history

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