 |
 Video: What is a Stock Split?
|
|
|
| Zygo designs, develops, and manufactures precision measurement solutions, and optical sub-systems and components for original equipment manufacturers and end-user applications. Co. operates within two divisions: Metrology Solutions, which includes three dimensional surface metrology products, precision positioning systems and custom-engineered solutions, which are used to measure surface characteristics and parameters, including topography and roughness, optical characteristics and defects; and Optical Systems, which designs, develops and manufactures precision optical components and electro-optical systems used in the semiconductor, defense/aerospace, life-sciences and research markets. According to our ZIGO split history records, ZIGO has had 2 splits. | |
|
ZIGO (ZIGO) has 2 splits in our ZIGO split history database. The first split for ZIGO took place on August 22, 1995. This was a 3 for 2
split, meaning for each 2
shares of ZIGO owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. ZIGO's second split took place on February 28, 1997. This was a 2 for 1
split, meaning for each share of ZIGO owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split.
When a company such as ZIGO 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.
Looking at the ZIGO split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ZIGO shares, starting with a $10,000 purchase of ZIGO, presented on a split-history-adjusted basis factoring in the complete ZIGO split history.
ZIGO -- use the split history when considering split-adjusted past price performance. |
|
| Date |
Ratio |
| 08/22/1995 | 3 for 2
| | 02/28/1997 | 2 for 1
|
|
|
Free ZIGO Email Alerts:
