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Allied Healthcare Products (AHPI) has 1 split in our AHPI split history database. The split for AHPI took place on December 07, 2016. This was a 1 for 2 reverse split, meaning for each 2 shares of AHPI 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.
When a company such as Allied Healthcare Products 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 AHPI split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Allied Healthcare Products shares, starting with a $10,000 purchase of AHPI, presented on a split-history-adjusted basis factoring in the complete AHPI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.86%|
|About Allied Healthcare Products|
|Allied Healthcare Products manufactures a range of respiratory products used in the health care industry. Co.'s product lines consist of: respiratory care products, which include respiratory care/anesthesia products and home respiratory care products medical gas equipment, which include medical gas system construction products, regulation devices, disposable oxygen cylinders, portable suction equipment; and emergency medical products, which include respiratory/resuscitation and trauma and patient handling products. Co.'s products are marketed to hospitals, hospital equipment dealers, hospital construction contractors, home health care dealers, emergency medical products dealers and others. According to our AHPI split history records, Allied Healthcare Products has had 1 split.|
|AHPI Split History Table|
|12/07/2016||1 for 2|
|Healthcare Stock Splits|
|AHPI is categorized under the Healthcare sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: AHPI shares outstanding history