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CounterPath (CPAH) has 3 splits in our CPAH split history database. The first split for CPAH took place on March 18, 2008. CPAH's second split took place on March 19, 2008. This was a 1 for 5 reverse split, meaning for each 5 shares of CPAH 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. CPAH's third split took place on November 02, 2015. This was a 1 for 10 reverse split, meaning for each 10 shares of CPAH owned pre-split, the shareholder now owned 1 share. For example, a 200 share position pre-split, became a 20 share position following the split.
When a company such as CounterPath 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 CPAH split history from start to finish, an original position size of 1000 shares would have turned into 20 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CounterPath shares, starting with a $10,000 purchase of CPAH, presented on a split-history-adjusted basis factoring in the complete CPAH split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-12.41%|
|CounterPath designs, develops and sells software and services that enable enterprises and telecommunication service providers to deliver Unified Communications and Collaborations solutions to their end users. Co.'s offerings include softphones that support voice/video calling, messaging, and presence from a range of call services and Voice-Over-Internet-Protocol services, as well as hosted services for team voice, messaging, presence, video conferencing and screen sharing functionality, over Internet Protocol based networks. Co.'s software products include a Software Development Kit for software developers to add voice, video and messaging capabilities to their existing applications. According to our CPAH split history records, CounterPath has had 3 splits.|
|CPAH Split History Table|
|03/18/2008||1 for 1|
|03/19/2008||1 for 5|
|11/02/2015||1 for 10|
|Technology Stock Splits|
|CPAH is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CPAH shares outstanding history