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Video: What is a Stock Split?
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Addentax Group is a holding company. Through its subsidiaries, Co. is a garment manufacturer and logistics service provider based in the Peoples Republic of China (PRC). Co.'s garment manufacturing business consists of sales made principally to wholesaler located in the PRC. Co.'s logistics business consists of delivery and courier services. Co. provides comprehensive logistics services to its customers, which include storage, transportation, warehousing, handling, packaging and order processing. Co. also provides customs declaration and tax clearance service to its customers who export goods to overseas. According to our Addentax Group stock split history records, Addentax Group has had 1 split. | |
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Addentax Group (ATXG) has 1 split in our Addentax Group stock split history database. The split for ATXG took place on June 30, 2023. This was a 1 for 10 reverse split, meaning for each 10 shares of ATXG 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 Addentax Group 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 Addentax Group stock 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 Addentax Group shares, starting with a $10,000 purchase of ATXG, presented on a split-history-adjusted basis factoring in the complete Addentax Group stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/07/2018 |
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End date: |
05/03/2024 |
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Start price/share: |
$29.00 |
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End price/share: |
$0.96 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-96.67% |
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Average Annual Total Return: |
-42.45% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$332.77 |
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Years: |
6.16 |
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Date |
Ratio |
06/30/2023 | 1 for 10 |
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