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China Jo-Jo Drugstores Inc (Cayman Islands) (CJJD) has 1 split in our CJJD split history database. The split for CJJD took place on April 07, 2022. This was a 1 for 12 reverse split, meaning for each 12 shares of CJJD 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 China Jo-Jo Drugstores Inc (Cayman Islands) 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 CJJD 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 China Jo-Jo Drugstores Inc (Cayman Islands) shares, starting with a $10,000 purchase of CJJD, presented on a split-history-adjusted basis factoring in the complete CJJD split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-10.81%|
|About China Jo-Jo Drugstores Inc (Cayman Islands)|
|China Jo-Jo Drugstores is a holding company. Through its subsidiaries, Co. is a retailer and distributor of pharmaceutical and other healthcare products typically found in retail pharmacies in the People's Republic of China. Co. operates in the following business segments in China: retail drugstores, online pharmacy, wholesale business selling products similar to those Co. carries in its pharmacies, and farming and selling herbs used for traditional Chinese medicine (TCM). Co. provides primarily third-party products at its pharmacies, including: prescription drugs, over-the-counter drugs, nutritional supplements, TCM, sundry products, and medical devices. According to our CJJD split history records, China Jo-Jo Drugstores Inc (Cayman Islands) has had 1 split.|
|CJJD Split History Table|
|04/07/2022||1 for 12|
|Services Stock Splits|
|CJJD is categorized under the Services sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CJJD shares outstanding history