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CLNT (CLNT) has 2 splits in our CLNT split history database. The first split for CLNT took place on March 06, 2012. This was a 1 for 10 reverse split, meaning for each 10 shares of CLNT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split. CLNT's second split took place on March 20, 2017. This was a 1 for 4 reverse split, meaning for each 4 shares of CLNT owned pre-split, the shareholder now owned 1 share. For example, a 100 share position pre-split, became a 25 share position following the split.
When a company such as CLNT 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 CLNT split history from start to finish, an original position size of 1000 shares would have turned into 25 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CLNT shares, starting with a $10,000 purchase of CLNT, presented on a split-history-adjusted basis factoring in the complete CLNT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-29.17%|
|Cleantech Solutions International is a holding company. Through its affiliated companies and subsidiaries, Co. manufactures and sells textile dyeing and finishing machines. Through its dyeing and finishing equipment segment, Co. designs, manufactures and distributes a line of high and low temperature dyeing and finishing machinery to the textile industry. Co.'s products are used in dyeing yarns such as pure cotton, cotton-polyester, terylene, polyester wool, poly-acrylic fiber, nylon, cotton ramie, and wool yarn. Co. also developed a new garment washing machine for denim, which is capable of stone wash, enzyme wash and other water washing techniques. According to our CLNT split history records, CLNT has had 2 splits.|
|CLNT Split History Table|
|03/06/2012||1 for 10|
|03/20/2017||1 for 4|
|Industrials Stock Splits|
|CLNT is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|