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Video: What is a Stock Split?
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Quest Resource Holding is a provider of waste and recycling services to customers from across various industry sectors. Co. creates programs and performs the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. Co. concentrates on programs for recycling motor oil and automotive lubricants, oil filters, scrap tires, oily water, goods destruction, food waste, cooking oil and grease trap waste, as well as a variety of regulated and non-regulated solid, liquid, and gas wastes. In addition, Co. provides products such as antifreeze and windshield washer fluid, dumpster and compacting equipment, and other minor ancillary services. According to our QRHC split history records, Quest Resource Holding has had 1 split. | |
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Quest Resource Holding (QRHC) has 1 split in our QRHC split history database. The split for QRHC took place on August 11, 2016. This was a 1 for 8 reverse split, meaning for each 8 shares of QRHC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 125 share position following the split.
When a company such as Quest Resource Holding 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 QRHC split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Quest Resource Holding shares, starting with a $10,000 purchase of QRHC, presented on a split-history-adjusted basis factoring in the complete QRHC split history.

Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/12/2015 |
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End date: |
02/10/2025 |
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Start price/share: |
$10.16 |
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End price/share: |
$5.07 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-50.10% |
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Average Annual Total Return: |
-6.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$4,991.93 |
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Years: |
10.00 |
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Date |
Ratio |
08/11/2016 | 1 for 8 |
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