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Accesstel (ASTI) has 2 splits in our ASTI split history database. The first split for ASTI took place on August 24, 2004. This was a 1 for 100 reverse split, meaning for each 100 shares of ASTI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 10 share position following the split. ASTI's second split took place on August 27, 2014. This was a 1 for 10 reverse split, meaning for each 10 shares of ASTI owned pre-split, the shareholder now owned 1 share. For example, a 10 share position pre-split, became a 1 share position following the split.
When a company such as Accesstel 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 ASTI split history from start to finish, an original position size of 1000 shares would have turned into 1 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Accesstel shares, starting with a $10,000 purchase of ASTI, presented on a split-history-adjusted basis factoring in the complete ASTI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-100.00%|
|Ascent Solar Technologies is a development stage company engaged in commercializing flexible photovoltaic (PV) modules. Co.'s manufacturing process deposits multiple layers of materials, including a thin-film of copper-indium-gallium-diselenide semiconductor material, on a flexible, lightweight, plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells, or PV modules, in a process known as monolithic integration. Co.'s target markets include consumer electronics, defense and portable power, transportation, space and near space and building integrated photovoltaic/building applied photovoltaic. According to our ASTI split history records, Accesstel has had 2 splits.|
|ASTI Split History Table|
|08/24/2004||1 for 100|
|08/27/2014||1 for 10|
|Technology Stock Splits|
|ASTI is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|