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Appliance Recycling Ctrs Ame (ARCI) has 1 split in our ARCI split history database. The split for ARCI took place on February 24, 1997. This was a 1 for 4 reverse split, meaning for each 4 shares of ARCI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Appliance Recycling Ctrs Ame 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 ARCI split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Appliance Recycling Ctrs Ame shares, starting with a $10,000 purchase of ARCI, presented on a split-history-adjusted basis factoring in the complete ARCI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||2.85%|
|About Appliance Recycling Ctrs Ame|
|JanOne is engaged in the business of recycling household appliances in North America by providing turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs through its subsidiaries ARCA Recycling, Inc. and ARCA Canada Inc. In addition, through its GeoTraq Inc. (GeoTraq) subsidiary, Co. is engaged in the development, design and sale of cellular transceiver modules and associated wireless services. Co. has two segments: recycling, which is a turnkey appliance recycling program; and technology, in which GeoTraq is in the process of developing technology to enable location-based products and services. According to our ARCI split history records, Appliance Recycling Ctrs Ame has had 1 split.|
|ARCI Split History Table|
|02/24/1997||1 for 4|
|Services Stock Splits|
|ARCI is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ARCI shares outstanding history