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CDTI (CDTI) has 3 splits in our CDTI split history database. The first split for CDTI took place on October 18, 2010. This was a 1 for 6 reverse split, meaning for each 6 shares of CDTI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 166.666666666667 share position following the split. CDTI's second split took place on July 25, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of CDTI owned pre-split, the shareholder now owned 1 share. For example, a 166.666666666667 share position pre-split, became a 33.3333333333333 share position following the split. CDTI's third split took place on September 24, 2018. This was a 1 for 5 reverse split, meaning for each 5 shares of CDTI owned pre-split, the shareholder now owned 1 share. For example, a 33.3333333333333 share position pre-split, became a 6.66666666666667 share position following the split.
When a company such as CDTI 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 CDTI split history from start to finish, an original position size of 1000 shares would have turned into 6.66666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CDTI shares, starting with a $10,000 purchase of CDTI, presented on a split-history-adjusted basis factoring in the complete CDTI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-51.38%|
|CDTi Advanced Materials is a provider of technology and solutions to the automotive emissions control markets. Co. engages in emissions catalyst design and engineering for automotive and off-road applications. In particular, Co. develops proprietary materials incorporating various base metals that replace platinum group metals (PGM) and rare earth metals in coatings on vehicle catalytic converters. Co.'s Spinel technology is a clean emissions exhaust technology. Spinel technology is ideal for the coating of catalytic converters. Co. has developed powder materials that can be used to produce SPGMDOC, synergized PGM diesel oxidation catalyst. According to our CDTI split history records, CDTI has had 3 splits.|
|CDTI Split History Table|
|10/18/2010||1 for 6|
|07/25/2016||1 for 5|
|09/24/2018||1 for 5|
|Consumer Stock Splits|
|CDTI is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CDTI shares outstanding history