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Astrotech (ASTC) has 1 split in our ASTC split history database. The split for ASTC took place on October 16, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of ASTC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as Astrotech 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 ASTC split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Astrotech shares, starting with a $10,000 purchase of ASTC, presented on a split-history-adjusted basis factoring in the complete ASTC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-21.01%|
|Astrotech is a mass spectrometry company that launches, manages, and commercializes companies based on its primary technology. Co.'s business units include: Astrotech Technologies, Inc., which owns and licenses the Astrotech Mass Spectrometer Technology; 1st Detect Corporation, which has developed the TRACER 1000, a mass spectrometer based explosives trace detector designed to be used at airports, cargo and other secured facilities, and borders worldwide; and AgLAB Inc., which has developed the AgLAB-1000 series of mass spectrometers for use in the hemp and cannabis market with a focus on optimizing yields in the extraction and distillation processes. According to our ASTC split history records, Astrotech has had 1 split.|
|ASTC Split History Table|
|10/16/2017||1 for 5|
|Industrials Stock Splits|
|ASTC is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ASTC shares outstanding history