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 Video: What is a Stock Split?
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| SMART Technologies Inc. is engaged in providing integrated hardware and software solutions that facilitate collaboration and learning in classrooms and meeting rooms. Co. develops a variety of solutions that combine interactive displays with software solutions to free people from desks and computer screens, making collaboration and learning digitally more natural and engaging. In education, Co. provides flexible solutions that enhance learning for every style of learner in a variety of learning environments. In enterprise markets, Co.'s provides solutions for companies to improve the quality of collaboration, to enable a more effective and productive workforce and to reduce costs. According to our SMT split history records, SMT has had 1 split. | |
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SMT (SMT) has 1 split in our SMT split history database. The split for SMT took place on May 12, 2016. This was a 1 for 10 reverse split, meaning for each 10 shares of SMT 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.
When a company such as SMT 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 SMT split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SMT shares, starting with a $10,000 purchase of SMT, presented on a split-history-adjusted basis factoring in the complete SMT 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: |
09/15/2016 |
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| Start price/share: |
$42.30 |
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| End price/share: |
$4.49 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-89.39% |
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| Average Annual Total Return: |
-60.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,061.60 |
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| Years: |
2.40 |
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| Date |
Ratio |
| 05/12/2016 | 1 for 10 |
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