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Air Industries Group (AIRI) has 1 split in our AIRI split history database. The split for AIRI took place on October 18, 2022. This was a 1 for 10 reverse split, meaning for each 10 shares of AIRI 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.
When a company such as Air Industries Group 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 AIRI split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Air Industries Group shares, starting with a $10,000 purchase of AIRI, presented on a split-history-adjusted basis factoring in the complete AIRI split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-20.89%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-11.30%|
|About Air Industries Group|
|Air Industries Group is a holding company. Through its subsidiaries, Co. is a manufacturer of machined parts and assemblies for the Aerospace and Defense (A&D) market. Co.'s products are used by Original Equipment Manufacturers in the manufacture of fixed wing aircraft, helicopters jet turbine engines, and other A&D products. According to our AIRI split history records, Air Industries Group has had 1 split.|
|AIRI Split History Table|
|10/18/2022||1 for 10|
|Industrials Stock Splits|
|AIRI is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|