|
Video: What is a Stock Split?
|
|
Attis Industries, through its subsidiaries has operated three lines of business: non-hazardous solid waste collection, transfer and disposal services; technologies, centering on creating community-based synergies through healthcare collaborations and software solutions; and innovations, create value from recovered resources, through byproduct technologies and assets found in downstream production. The Technologies Division of Co. provides products and services in a variety of areas, including hospital consulting services. Attis Innovations focuses on producing sustainable materials and fuels from renewable sources at costs equal to or less than those otherwise produced from fossil fuels. According to our ATIS stock split history records, ATIS has had 1 split. | |
|
ATIS (ATIS) has 1 split in our ATIS stock split history database. The split for ATIS took place on March 18, 2019. This was a 1 for 8 reverse split, meaning for each 8 shares of ATIS 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 ATIS 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 ATIS stock 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 ATIS shares, starting with a $10,000 purchase of ATIS, presented on a split-history-adjusted basis factoring in the complete ATIS stock split history.
Growth of $10,000.00
Without Dividends Reinvested
|
Start date: |
04/28/2014 |
|
End date: |
04/14/2020 |
|
Start price/share: |
$4.80 |
|
End price/share: |
$0.10 |
|
Dividends collected/share: |
$0.00 |
|
Total return: |
-97.92% |
|
Average Annual Total Return: |
-47.73% |
|
Starting investment: |
$10,000.00 |
|
Ending investment: |
$208.34 |
|
Years: |
5.97 |
|
|
|
Date |
Ratio |
03/18/2019 | 1 for 8 |
|
|