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EMITF (EMITF) has 2 splits in our EMITF split history database. The first split for EMITF took place on August 22, 2014. This was a 1 for 20 reverse split, meaning for each 20 shares of EMITF owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split. EMITF's second split took place on June 27, 2016. This was a 1 for 3 reverse split, meaning for each 3 shares of EMITF owned pre-split, the shareholder now owned 1 share. For example, a 50 share position pre-split, became a 16.6666666666667 share position following the split.
When a company such as EMITF 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 EMITF split history from start to finish, an original position size of 1000 shares would have turned into 16.6666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into EMITF shares, starting with a $10,000 purchase of EMITF, presented on a split-history-adjusted basis factoring in the complete EMITF split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-39.38%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-39.44%|
|Elbit Imaging is engaged, directly and through its investee companies, in Israel and abroad, mainly in the following areas: Commercial Centers - initiation, construction, and sale of commercial centers and other mixed-use property projects; Hotels - hotels operation and management of the Radisson hotel Complex; Medical Industries and Devices - (a) research and development, production and marketing of magnetic resonance imaging guided, and (b) development of stem cell population expansion technologies and Plots in India - plots designated for sale which were initially designated to residential projects. According to our EMITF split history records, EMITF has had 2 splits.|
|EMITF Split History Table|
|08/22/2014||1 for 20|
|06/27/2016||1 for 3|
|Industrials Stock Splits|
|EMITF is categorized under the Industrials sector; below are some other companies in the same sector that also have a history of stock splits:|