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Video: What is a Stock Split?
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NF Energy Saving mainly operates in the energy technology business in the People's Republic of China (China). Co. focuses on the provision of energy saving technology consulting, optimization design services, energy saving reconstruction of pipeline networks and contractual energy management services to China's electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries. Co. also engages in the manufacturing and sales of the energy-saving flow control equipment. Co.'s products and services include: large-diameter smart flow control devices; equipment related to desulfurization, denitration and dust removal; and consulting services. According to our NFEC stock split history records, NFEC has had 1 split. | |
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NFEC (NFEC) has 1 split in our NFEC stock split history database. The split for NFEC took place on August 26, 2009. This was a 1 for 3 reverse split, meaning for each 3 shares of NFEC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as NFEC 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 NFEC stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into NFEC shares, starting with a $10,000 purchase of NFEC, presented on a split-history-adjusted basis factoring in the complete NFEC stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
02/07/2019 |
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Start price/share: |
$1.63 |
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End price/share: |
$7.00 |
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Dividends collected/share: |
$0.00 |
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Total return: |
329.45% |
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Average Annual Total Return: |
34.99% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$42,948.15 |
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Years: |
4.86 |
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Date |
Ratio |
08/26/2009 | 1 for 3 |
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