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Video: What is a Stock Split?
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FTS International provides hydraulic fracturing services. Co.'s customers include oil and natural gas exploration and production companies in North America. Co. provides the equipment, personnel, capability, and certain materials needed to improve its customers' wells. Also, Co. manufactures various components used by Co.'s fleets, including fabrication of pumps and consumables used in pumps, such as fluid-ends. Co. also performs substantially all the maintenance, repair, and refurbishment of its fleets, including the rebuilding of engines and transmissions. Each hydraulic fracturing fleet includes a mobile, on-site control center that is used to control the equipment and monitor job data. According to our FTSI stock split history records, FTSI has had 1 split. | |
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FTSI (FTSI) has 1 split in our FTSI stock split history database. The split for FTSI took place on May 12, 2020. This was a 1 for 20 reverse split, meaning for each 20 shares of FTSI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as FTSI 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 FTSI stock split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FTSI shares, starting with a $10,000 purchase of FTSI, presented on a split-history-adjusted basis factoring in the complete FTSI stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
02/05/2018 |
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End date: |
03/04/2022 |
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Start price/share: |
$397.80 |
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End price/share: |
$26.49 |
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Dividends collected/share: |
$0.00 |
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Total return: |
-93.34% |
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Average Annual Total Return: |
-48.55% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$665.89 |
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Years: |
4.08 |
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Date |
Ratio |
05/12/2020 | 1 for 20 |
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