Split History
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Charles and Colvard (CTHR) has 2 splits in our CTHR split history database. The first split for CTHR took place on January 31, 2006. This was a 5 for 4 split, meaning for each 4 shares of CTHR owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 1250 share position following the split. CTHR's second split took place on May 17, 2024. This was a 1 for 10 reverse split, meaning for each 10 shares of CTHR owned pre-split, the shareholder now owned 1 share. For example, a 1250 share position pre-split, became a 125 share position following the split.
When a company such as Charles and Colvard splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. When a company such as Charles and Colvard 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 CTHR split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Charles and Colvard shares, starting with a $10,000 purchase of CTHR, presented on a split-history-adjusted basis factoring in the complete CTHR split history.
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 12/16/2014 | |
| End date: | 12/13/2024 | |
| Start price/share: | $12.60 | |
| End price/share: | $1.71 | |
| Dividends collected/share: | $0.00 | |
| Total return: | -86.43% | |
| Average Annual Total Return: | -18.10% | |
| Starting investment: | $10,000.00 | |
| Ending investment: | $1,357.81 | |
| Years: | 10.00 | |
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| About Charles and Colvard |
| Charles & Colvard, Ltd. is a fine jewelry company that specializes in moissanite and lab grown diamonds. Co. operates through two segments: Online Channels and Traditional. The Online Channels segment consists of e-commerce outlets, including charlesandcolvard.com, moissaniteoutlet.com, third-party online marketplaces, drop-ship retail, and other pure-play, exclusively e-commerce outlets. The Traditional segment consists of wholesale and retail customers, including its own Charles & Colvard Signature Showroom and charlesandcolvarddirect.com. According to our CTHR split history records, Charles and Colvard has had 2 splits. |
| CTHR Split History Table | |
| Date | Ratio |
| 01/31/2006 | 5 for 4 |
| 05/17/2024 | 1 for 10 |
| Consumer Stock Splits |
| CTHR is categorized under the Consumer sector; below are some other companies in the same sector that also have a history of stock splits:
DAR Split History Also explore: CTHR shares outstanding history
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