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AXPW (AXPW) has 2 splits in our AXPW split history database. The first split for AXPW took place on September 08, 2014. This was a 1 for 50 reverse split, meaning for each 50 shares of AXPW owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 20 share position following the split. AXPW's second split took place on July 14, 2015. This was a 1 for 35 reverse split, meaning for each 35 shares of AXPW owned pre-split, the shareholder now owned 1 share. For example, a 20 share position pre-split, became a 0.571428571428571 share position following the split.
When a company such as AXPW 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 AXPW split history from start to finish, an original position size of 1000 shares would have turned into 0.571428571428571 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into AXPW shares, starting with a $10,000 purchase of AXPW, presented on a split-history-adjusted basis factoring in the complete AXPW split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-92.45%|
|Axion Power International develops, designs, manufactures and sells energy storage devices, components and systems that are based on Co.'s patented PbC technology. Co.'s PbC batteries and battery components, which are manufactured primarily through the use of activated carbon for the battery's negative electrode, have application in a variety of energy system storage functions. The main product of Co.'s PbC technology is its proprietary PbC lead carbon battery, which substitutes an activated carbon negative electrode for the standard lead negative electrode in a lead-acid battery construct. According to our AXPW split history records, AXPW has had 2 splits.|
|AXPW Split History Table|
|09/08/2014||1 for 50|
|07/14/2015||1 for 35|
|Industrials Stock Splits|
|AXPW is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|