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Video: What is a Stock Split?
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ToughBuilt Industries designs, manufactures, and distributes tools and accessories to the building industry. Co. markets and distributes various home improvement and construction product lines for both Do-It-Yourself and other markets under the TOUGHBUILT® brand name. TOUGHBUILT® manufactures and distributes an array of tool belts, tool bags, and other personal tool organizer products. Co. also manufactures and distributes a line of knee pads for various construction applications, a variety of metal goods. Co.'s line of job site tools and material support products consists of a line of miter saw and table saw stands, saw horses/job site tables, roller stands and workbench. According to our ToughBuilt Industries stock split history records, ToughBuilt Industries has had 3 splits. | |
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ToughBuilt Industries (TBLT) has 3 splits in our ToughBuilt Industries stock split history database. The first split for TBLT took place on April 15, 2020. This was a 1 for 10 reverse split, meaning for each 10 shares of TBLT 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. TBLT's second split took place on April 25, 2022. This was a 1 for 150 reverse split, meaning for each 150 shares of TBLT owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 0.666666666666667 share position following the split. TBLT's third split took place on January 02, 2024. This was a 1 for 65 reverse split, meaning for each 65 shares of TBLT owned pre-split, the shareholder now owned 1 share. For example, a 0.666666666666667 share position pre-split, became a 0.0102564102564103 share position following the split.
When a company such as ToughBuilt Industries 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 ToughBuilt Industries stock split history from start to finish, an original position size of 1000 shares would have turned into 0.0102564102564103 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ToughBuilt Industries shares, starting with a $10,000 purchase of TBLT, presented on a split-history-adjusted basis factoring in the complete ToughBuilt Industries stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
12/04/2018 |
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End date: |
04/24/2024 |
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Start price/share: |
$304,200.00 |
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End price/share: |
$2.77 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-100.00% |
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Average Annual Total Return: |
-88.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$0.09 |
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Years: |
5.39 |
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Date |
Ratio |
04/15/2020 | 1 for 10 | 04/25/2022 | 1 for 150 | 01/02/2024 | 1 for 65 |
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