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Eltek (ELTK) has 1 split in our ELTK split history database. The split for ELTK took place on November 22, 2017. This was a 1 for 5 reverse split, meaning for each 5 shares of ELTK 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 Eltek 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 ELTK 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 Eltek shares, starting with a $10,000 purchase of ELTK, presented on a split-history-adjusted basis factoring in the complete ELTK split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-3.89%|
|Eltek manufactures and supplies custom made circuitry solutions for use in compact electronic products. Co. provides services and is a solution provider in the printed circuit boards (PCB) business, mainly in Israel, Europe, North America and Asia. PCBs are platforms that conduct an electric current among active and passive microelectronics components, microprocessors, memories, resistors and capacitors and are integral parts of the products produced by high-technology industries. Co. designs and develops manufacturing solutions pursuant to interconnect requirements of original equipment manufacturers, and provides its customers with a range of custom designed PCBs. According to our ELTK split history records, Eltek has had 1 split.|
|ELTK Split History Table|
|11/22/2017||1 for 5|
|Industrials Stock Splits|
|ELTK is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: ELTK shares outstanding history