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CADC (CADC) has 1 split in our CADC split history database. The split for CADC took place on August 02, 2013. This was a 1 for 12 reverse split, meaning for each 12 shares of CADC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as CADC 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 CADC split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CADC shares, starting with a $10,000 purchase of CADC, presented on a split-history-adjusted basis factoring in the complete CADC split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-5.19%|
|Huitao Technology is a holding company. Through its subsidiaries and variable interest entity, Co. engages in the production of construction materials for infrastructure, commercial and residential developments. Co. is focused mainly on engineering, producing, servicing, delivering and pumping a range of ready-mix concrete materials for construction projects. Co.'s concrete sales business is comprised of the formulation, production and delivery of its line of C10-C100 concrete mixtures. Co.'s products include: ready-mixed concrete blends; compound admixture concrete; lightweight aggregate concrete; soil cement, foundation concrete; and c100 concrete, among others. According to our CADC split history records, CADC has had 1 split.|
|CADC Split History Table|
|08/02/2013||1 for 12|
|Materials Stock Splits|
|CADC is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CADC shares outstanding history