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 Video: What is a Stock Split?
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| Broadwind is a manufacturer of structures, equipment and components for clean tech and other applications. Co.'s operating segments include: Heavy Fabrications, which provides fabrications to customers in a range of industrial markets; Gearing, which provides gearing and gearboxes to customers in various markets including onshore and offshore oil and gas fracking and drilling, surface and underground mining, wind energy, steel, material handling and other industrial markets; and Industrial Solutions, which provides supply chain solutions, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market. According to our Broadwind stock split history records, Broadwind has had 1 split. | |
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Broadwind (BWEN) has 1 split in our Broadwind stock split history database. The split for BWEN took place on August 23, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of BWEN 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 Broadwind 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 Broadwind 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 Broadwind shares, starting with a $10,000 purchase of BWEN, presented on a split-history-adjusted basis factoring in the complete Broadwind stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$12.05 |
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| End price/share: |
$2.15 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-82.16% |
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| Average Annual Total Return: |
-15.83% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,783.89 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/23/2012 | 1 for 10 |
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