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CNTF (CNTF) has 1 split in our CNTF split history database. The split for CNTF took place on March 01, 2016. This was a 1 for 5 reverse split, meaning for each 5 shares of CNTF owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 200 share position following the split.
When a company such as CNTF 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 CNTF split history from start to finish, an original position size of 1000 shares would have turned into 200 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CNTF shares, starting with a $10,000 purchase of CNTF, presented on a split-history-adjusted basis factoring in the complete CNTF split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-35.60%|
|China Techfaith Wireless Communication Technology is a holding company. Through its subsidiaries, Co. is a developer, owner and operator of commercial real estate properties across China, as well as a China-based mobile solutions provider for the global mobile handsets market, with a focus on the original design and development of specialized mobile handsets under its customer's brands and its own brands for consumers and enterprises, and the sales of finished products to its local and international customers. Co. developed its own brands, including "Tecface", "17FOX" and "MOBIFOX". According to our CNTF split history records, CNTF has had 1 split.|
|CNTF Split History Table|
|03/01/2016||1 for 5|
|Technology Stock Splits|
|CNTF is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|