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ADAT (ADAT) has 2 splits in our ADAT split history database. The first split for ADAT took place on August 31, 2012. This was a 1 for 2 reverse split, meaning for each 2 shares of ADAT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split. ADAT's second split took place on January 25, 2016. This was a 1 for 9 reverse split, meaning for each 9 shares of ADAT owned pre-split, the shareholder now owned 1 share. For example, a 500 share position pre-split, became a 55.5555555555556 share position following the split.
When a company such as ADAT 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 ADAT split history from start to finish, an original position size of 1000 shares would have turned into 55.5555555555556 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ADAT shares, starting with a $10,000 purchase of ADAT, presented on a split-history-adjusted basis factoring in the complete ADAT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-37.21%|
|Authentidate Holding and its subsidiaries provide web-based revenue cycle management applications and telehealth products and services. Co.'s solutions incorporate workflow automation, electronic signature, and transaction management capabilities based on its Inscrybe® platform and remote patient monitoring solutions using its Electronic House Call and Interactive Voice Response products and services. Co.'s services can be customized to meet the needs of specific industries or companies. Co.'s customers require an Internet connection and web browser to access its web-based applications. According to our ADAT split history records, ADAT has had 2 splits.|
|ADAT Split History Table|
|08/31/2012||1 for 2|
|01/25/2016||1 for 9|
|Technology Stock Splits|
|ADAT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|